Insider Selling: Mitie Group (LON:MTO) Insider Sells 2,000,032 Shares of Stock

Key Points

• Insider Phillip Bentley sold 2,000,032 shares of Mitie Group stock for approximately £2.76 million on September 22nd, at an average price of GBX 138 per share.
• The stock of Mitie Group experienced a slight increase of 0.1% during midday trading, reaching GBX 138.60.
• Analysts have a consensus rating of "Moderate Buy" on Mitie Group stock, with target prices ranging from GBX 145 to GBX 175.

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley sold 2,000,032 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of GBX 138, for a total value of £2,760,044.16.

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

• On Monday, September 15th, Phillip Bentley acquired 103 shares of Mitie Group stock. The stock was bought at an average cost of GBX 146 per share, with a total value of £150.38.
• On Wednesday, August 13th, Phillip Bentley acquired 102 shares of Mitie Group stock. The stock was bought at an average cost of GBX 148 per share, with a total value of £150.96.
• On Monday, July 14th, Phillip Bentley purchased 107 shares of Mitie Group stock. The shares were acquired at an average cost of GBX 139 per share, with a total value of £148.73.

Mitie Group Stock Performance

LON:MTO traded down GBX 0.80 during trading hours on Tuesday, reaching GBX 137.80. The stock had a trading volume of 761,863 shares, compared to its average volume of 4,896,943. The stock has a market cap of £1.78 billion, a P/E ratio of 1,813.16, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. Mitie Group plc has a 12-month low of GBX 101 and a 12-month high of GBX 160. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. The stock has a 50 day simple moving average of GBX 142.01 and a 200 day simple moving average of GBX 137.98.

Wall Street Analysts Forecast Growth

MTO has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 price target on shares of Mitie Group in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Mitie Group from GBX 165 to GBX 170 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a GBX 145 target price on shares of Mitie Group in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 163.33.

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.