Mitie Group plc (LON:MTO) Insider Phillip Bentley Purchases 107 Shares

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 107 shares of Mitie Group stock in a transaction dated Monday, July 14th. The stock was acquired at an average cost of GBX 139 ($1.86) per share, with a total value of £148.73 ($199.13).

Phillip Bentley also recently made the following trade(s):

• On Friday, June 13th, Phillip Bentley purchased 104 shares of Mitie Group stock. The stock was acquired at an average cost of GBX 144 ($1.93) per share, with a total value of £149.76 ($200.51).
• On Tuesday, May 13th, Phillip Bentley purchased 101 shares of Mitie Group stock. The stock was acquired at an average cost of GBX 149 ($1.99) per share, with a total value of £150.49 ($201.49).

Mitie Group Stock Performance

LON MTO opened at GBX 138.50 ($1.85) on Wednesday. Mitie Group plc has a 1-year low of GBX 101 ($1.35) and a 1-year high of GBX 160 ($2.14). The company has a market capitalization of £1.75 billion, a P/E ratio of 14.39, a PEG ratio of 10.10 and a beta of 1.41. The business has a 50 day moving average price of GBX 146.57 and a 200 day moving average price of GBX 128.58. The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83.

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

Mitie Group declared that its board has authorized a stock repurchase plan on Wednesday, April 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price target on Mitie Group from GBX 160 ($2.14) to GBX 165 ($2.21) and gave the company a “buy” rating in a report on Wednesday, April 16th.

Mitie Group Company Profile

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.