Insider Selling: Mitie Group (LON:MTO) Insider Sells 656,219 Shares

Key Points

• Mitie Group insider Simon Kirkpatrick sold 656,219 shares on August 19 at GBX 209 each, generating proceeds of approximately £1.37 million. He also sold 99,531 shares in June for about £164,226.
• Mitie shares opened at GBX 208 and were down 0.2%, with a market capitalization of approximately £2.71 billion. The company recently reported quarterly EPS of GBX 13.60 and revenue of GBX 561.86 billion.
• Analysts remain broadly positive, with four Buy ratings and one Hold rating. The stock has a consensus “Moderate Buy” rating and an average target price of GBX 192.20.

Mitie Group plc (LON:MTO - Get Free Report) insider Simon Kirkpatrick sold 656,219 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of GBX 209, for a total value of £1,371,497.71.

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

• On Monday, June 8th, Simon Kirkpatrick sold 99,531 shares of Mitie Group stock. The shares were sold at an average price of GBX 165, for a total value of £164,226.15.

Mitie Group Trading Down 0.2%

Shares of MTO opened at GBX 208 on Friday. Mitie Group plc has a 12 month low of GBX 134.80 and a 12 month high of GBX 214. The stock's 50-day moving average is GBX 177.74 and its two-hundred day moving average is GBX 175.67. The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83. The stock has a market cap of £2.71 billion, a PE ratio of 34.10, a P/E/G ratio of 10.10 and a beta of 0.90.

Mitie Group (LON:MTO - Get Free Report) last announced its earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%.The business had revenue of GBX 561.86 billion for the quarter. Equities analysts forecast that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 195 target price on shares of Mitie Group in a research note on Monday, June 8th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 230 price objective on shares of Mitie Group in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 192.20.

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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