Mitie Group (LON:MTO) Reaches New 12-Month High at $110.00

Shares of Mitie Group plc (LON:MTO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 110 ($1.38) and last traded at GBX 107 ($1.34), with a volume of 583827 shares traded. The stock had previously closed at GBX 106.60 ($1.33).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 125 ($1.56) price target on shares of Mitie Group in a research note on Monday, November 6th.

Mitie Group Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 67.82. The business’s 50 day moving average is GBX 101.18 and its two-hundred day moving average is GBX 98.25. The company has a market cap of £1.42 billion, a PE ratio of 1,776.67, a PEG ratio of 10.10 and a beta of 1.47.

Insider Buying and Selling at Mitie Group

In related news, insider Chet Patel purchased 30,877 shares of Mitie Group stock in a transaction on Wednesday, October 4th. The shares were bought at an average cost of GBX 97 ($1.21) per share, for a total transaction of £29,950.69 ($37,471.15). In other Mitie Group news, insider Chet Patel bought 30,877 shares of Mitie Group stock in a transaction dated Wednesday, October 4th. The shares were purchased at an average cost of GBX 97 ($1.21) per share, for a total transaction of £29,950.69 ($37,471.15). Also, insider Simon Kirkpatrick sold 136,862 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of GBX 101 ($1.26), for a total transaction of £138,230.62 ($172,939.60). In the last ninety days, insiders have purchased 31,311 shares of company stock worth $3,040,195. Insiders own 9.75% of the company’s stock.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.