Mary Reilly Buys 1,844 Shares of Mitie Group (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Mary Reilly acquired 1,844 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average price of GBX 138 per share, with a total value of £2,544.72.

Mitie Group Price Performance

LON MTO opened at GBX 138 on Friday. The company has a market cap of £1.78 billion, a PE ratio of 1,815.79, a P/E/G ratio of 10.10 and a beta of 1.41. The firm’s 50 day moving average price is GBX 141.92 and its 200-day moving average price is GBX 139.02. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. Mitie Group plc has a 52-week low of GBX 101 and a 52-week high of GBX 160.

Wall Street Analyst Weigh In

Several analysts have issued reports on MTO shares. Deutsche Bank Aktiengesellschaft increased their target price on Mitie Group from GBX 165 to GBX 170 and gave the company a “buy” rating in a research report on Monday, August 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 145 price objective on shares of Mitie Group in a research report on Thursday, September 11th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 175 target price on shares of Mitie Group in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 163.33.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.