Mitie Group (LON:MTO) Stock: Insider Phillip Bentley Purchases 71 Shares

Key Points

• Insider buying: Phillip Bentley purchased 71 Mitie Group shares at GBX 210 each, worth £149.10, following similar purchases in August and September.
• Stock performance: Mitie shares slipped 0.1% to GBX 210.20, near their 52-week high of GBX 214, with a market capitalization of approximately £2.67 billion.
• Analyst view: Berenberg downgraded the stock to “hold” and lowered its target to GBX 219, while the broader analyst consensus remains “Moderate Buy” with a GBX 201.25 target.

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley purchased 71 shares of the company's stock in a transaction dated Tuesday, October 13th. The shares were acquired at an average cost of GBX 210 per share, with a total value of £149.10.

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

• On Monday, September 14th, Phillip Bentley purchased 72 shares of Mitie Group stock. The shares were acquired at an average price of GBX 209 per share, for a total transaction of £150.48.
• On Thursday, August 13th, Phillip Bentley acquired 72 shares of Mitie Group stock. The stock was acquired at an average cost of GBX 208 per share, for a total transaction of £149.76.

Mitie Group Trading Down 0.1%

Shares of Mitie Group stock traded down GBX 0.20 during trading on Thursday, hitting GBX 210.20. The company's stock had a trading volume of 130,646,813 shares, compared to its average volume of 16,661,229. The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83. Mitie Group plc has a 52 week low of GBX 143 and a 52 week high of GBX 214. The stock has a market cap of £2.67 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 10.10 and a beta of 0.89. The stock has a 50-day moving average price of GBX 209.25 and a two-hundred day moving average price of GBX 185.19.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank downgraded Mitie Group to a "hold" rating and cut their target price for the stock from GBX 230 to GBX 219 in a report on Wednesday, September 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.

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