Mitie Group (LON:MTO) Stock: Insider Simon Kirkpatrick Sells 369,123 Shares

Key Points

• Mitie Group insider Simon Kirkpatrick sold 369,123 shares at an average price of GBX 210, worth approximately £775,158. He previously sold 656,219 shares in August for about £1.37 million.
• Mitie shares were flat at GBX 210, near their 12-month high of GBX 214, with unusually heavy trading volume of 131.6 million shares versus an average of 17.4 million.
• Analysts maintain a “Moderate Buy” consensus, though Berenberg downgraded the stock to “Hold” and cut its target to GBX 219; the average analyst price target is GBX 201.25.

Mitie Group plc (LON:MTO - Get Free Report) insider Simon Kirkpatrick sold 369,123 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of GBX 210, for a total value of £775,158.30.

Simon Kirkpatrick also recently made the following trade(s):

• On Wednesday, August 19th, Simon Kirkpatrick sold 656,219 shares of Mitie Group stock. The stock was sold at an average price of GBX 209, for a total transaction of £1,371,497.71.

Mitie Group Price Performance

MTO stock remained flat at GBX 210 during midday trading on Thursday. The company's stock had a trading volume of 131,565,328 shares, compared to its average volume of 17,414,199. The stock has a market cap of £2.62 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 10.10 and a beta of 0.89. The stock's fifty day moving average price is GBX 208.80 and its 200 day moving average price is GBX 182.52. Mitie Group plc has a 12 month low of GBX 134.80 and a 12 month high of GBX 214. The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83.

Analysts Set New Price Targets

Several brokerages have weighed in on MTO. Berenberg Bank lowered Mitie Group to a "hold" rating and dropped their target price for the stock from GBX 230 to GBX 219 in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 195 price target on shares of Mitie Group in a research report on Monday, June 8th. Finally, Royal Bank Of Canada cut their price objective on shares of Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating on the stock in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 201.25.

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.

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