Mitie Group (LON:MTO) Insider Phillip Bentley Acquires 108 Shares

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 108 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was bought at an average price of GBX 138 per share, for a total transaction of £149.04.

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

• On Monday, September 22nd, Phillip Bentley sold 2,000,032 shares of Mitie Group stock. The shares were sold at an average price of GBX 138, for a total value of £2,760,044.16.
• On Monday, September 15th, Phillip Bentley acquired 103 shares of Mitie Group stock. The stock was purchased at an average price of GBX 146 per share, for a total transaction of £150.38.
• On Wednesday, August 13th, Phillip Bentley bought 102 shares of Mitie Group stock. The shares were purchased at an average price of GBX 148 per share, with a total value of £150.96.

Mitie Group Stock Down 1.6%

MTO opened at GBX 156 on Thursday. Mitie Group plc has a 1 year low of GBX 101 and a 1 year high of GBX 160. The firm has a 50 day moving average price of GBX 142.08 and a 200 day moving average price of GBX 140.69. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. The company has a market cap of £2.02 billion, a PE ratio of 2,052.63, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Mitie Group declared that its board has approved a stock repurchase program on Tuesday, October 14th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 145 price objective on shares of Mitie Group in a research report on Thursday, September 11th. Berenberg Bank raised their price objective on Mitie Group from GBX 175 to GBX 185 and gave the company a “buy” rating in a research note on Tuesday. Finally, 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 note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 166.67.

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.