Phillip Bentley Acquires 72 Shares of Mitie Group (LON:MTO) Stock

Key Points

• Insider buying: Phillip Bentley purchased 72 Mitie Group shares at GBX 209 each on September 14, totaling £150.48. He also bought 72 shares in August for £149.76.
• Stock performance: Mitie shares rose to GBX 210.20, near their 52-week high of GBX 214, giving the company a market capitalization of approximately £2.62 billion.
• Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with three Buy ratings and one Hold rating, although the average target price of GBX 201.25 is below the current share price.

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley bought 72 shares of the stock in a transaction on Monday, September 14th. The stock was purchased at an average cost of GBX 209 per share, for a total transaction of £150.48.

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

• On Thursday, August 13th, Phillip Bentley purchased 72 shares of Mitie Group stock. The shares were purchased at an average cost of GBX 208 per share, with a total value of £149.76.

Mitie Group Price Performance

Shares of Mitie Group stock traded up GBX 1.20 on Tuesday, hitting GBX 210.20. The company's stock had a trading volume of 4,164,490 shares, compared to its average volume of 17,496,102. Mitie Group plc has a 52-week low of GBX 134.80 and a 52-week high of GBX 214. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 107.60. The firm has a fifty day moving average price of GBX 196.77 and a 200-day moving average price of GBX 179.54. The company has a market capitalization of £2.62 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 10.10 and a beta of 0.89.

Analyst Ratings Changes

MTO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 195 target price on shares of Mitie Group in a research note on Monday, June 8th. Royal Bank Of Canada lowered their price target on shares of Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating for the company in a report on Friday, June 5th. Finally, Berenberg Bank lowered shares of Mitie Group to a "hold" rating and cut their price objective for the company 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 assigned a Hold rating to the stock. According to data from MarketBeat, Mitie Group 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.