Mitie Group (LON:MTO) Stock: Insider Mary Reilly Buys 1,135 Shares

Key Points

• Insider Mary Reilly purchased 1,135 Mitie Group shares at GBX 211 each, for a total investment of approximately £2,394.85.
• Mitie shares were flat at GBX 210, near their 52-week high of GBX 214, with a market capitalization of £2.62 billion and a price-to-earnings ratio of 34.43.
• Analysts maintain a generally positive view, with three Buy ratings and one Hold rating; the consensus rating is “Moderate Buy,” though the average price target of GBX 201.25 is below the current share price.

Mitie Group plc (LON:MTO - Get Free Report) insider Mary Reilly purchased 1,135 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were acquired at an average cost of GBX 211 per share, with a total value of £2,394.85.

Mitie Group Price Performance

MTO stock remained flat at GBX 210 during midday trading on Thursday. 131,565,328 shares of the company's stock were exchanged, compared to its average volume of 17,414,199. The stock's 50 day moving average price is GBX 208.80 and its 200-day moving average price is GBX 182.52. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89. Mitie Group plc has a 1 year low of GBX 134.80 and a 1 year high of GBX 214. The stock has a market capitalization of £2.62 billion, a PE ratio of 34.43, a PEG ratio of 10.10 and a beta of 0.89.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTO. Royal Bank Of Canada reduced their price target on Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating on the stock in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 195 target price on shares of Mitie Group in a report on Monday, June 8th. Finally, Berenberg Bank lowered Mitie Group to a "hold" rating and decreased their target price for the stock from GBX 230 to GBX 219 in a research report on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 201.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.