Mitie Group plc (LON:MTO) Insider Christopher Rogers Acquires 144,000 Shares

Mitie Group plc (LON:MTO) insider Christopher Rogers acquired 144,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was acquired at an average cost of GBX 137 ($1.86) per share, with a total value of £197,280 ($267,353.30).

Mitie Group Stock Performance

MTO opened at GBX 143.60 ($1.95) on Tuesday. Mitie Group plc has a 52-week low of GBX 101 ($1.37) and a 52-week high of GBX 160 ($2.17). The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The company has a market cap of £1.81 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The firm’s 50-day moving average price is GBX 140.81 and its 200-day moving average price is GBX 122.94.

Mitie Group (LON:MTO) last issued its quarterly earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. As a group, equities analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Mitie Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 16th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on shares of Mitie Group from GBX 160 ($2.17) to GBX 165 ($2.24) and gave the stock a “buy” rating in a report on Wednesday, April 16th.

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.