Mitie Group plc (LON:MTO) Insider Acquires £148.73 in Stock

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley purchased 107 shares of the company's stock in a transaction on Monday, July 14th. The shares were bought at an average price of GBX 139 ($1.87) per share, for a total transaction of £148.73 ($199.69).

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

• On Friday, June 13th, Phillip Bentley bought 104 shares of Mitie Group stock. The stock was acquired at an average price of GBX 144 ($1.93) per share, for a total transaction of £149.76 ($201.07).
• On Tuesday, May 13th, Phillip Bentley bought 101 shares of Mitie Group stock. The stock was purchased at an average cost of GBX 149 ($2.00) per share, for a total transaction of £150.49 ($202.05).

Mitie Group Stock Performance

LON:MTO traded down GBX 0.50 ($0.01) during trading hours on Tuesday, hitting GBX 138.50 ($1.86). 2,335,688 shares of the company traded hands, compared to its average volume of 4,501,724. The stock has a market capitalization of £1.75 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. The firm has a 50-day moving average of GBX 147.03 and a 200 day moving average of GBX 128.32. Mitie Group plc has a twelve month low of GBX 101 ($1.36) and a twelve month high of GBX 160 ($2.15).

Mitie Group (LON:MTO - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share (EPS) for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. On average, analysts forecast that Mitie Group plc will post 10.9360519 EPS for the current year.

Mitie Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their target price on shares of Mitie Group from GBX 160 ($2.15) to GBX 165 ($2.22) and gave the company a "buy" rating in a research note on Wednesday, April 16th.

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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