Insider Buying: Mitie Group plc (LON:MTO) Insider Acquires 107 Shares of Stock

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley acquired 107 shares of Mitie Group stock in a transaction dated Monday, July 14th. The shares were acquired at an average cost of GBX 139 ($1.87) per share, with a total value of £148.73 ($199.64).

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

• On Friday, June 13th, Phillip Bentley acquired 104 shares of Mitie Group stock. The shares were acquired at an average cost of GBX 144 ($1.93) per share, with a total value of £149.76 ($201.02).
• On Tuesday, May 13th, Phillip Bentley purchased 101 shares of Mitie Group stock. The shares were purchased at an average cost of GBX 149 ($2.00) per share, with a total value of £150.49 ($202.00).

Mitie Group Trading Down 0.2%

LON MTO traded down GBX 0.21 ($0.00) during trading on Friday, reaching GBX 136.99 ($1.84). 3,574,054 shares of the stock traded hands, compared to its average volume of 4,460,018. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. Mitie Group plc has a fifty-two week low of GBX 101 ($1.36) and a fifty-two week high of GBX 160 ($2.15). The stock's 50-day moving average price is GBX 145.74 and its 200 day moving average price is GBX 129.02. The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41.

Mitie Group (LON:MTO - Get Free Report) last posted its quarterly 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%. Analysts predict that Mitie Group plc will post 10.9360519 EPS for the current year.

Mitie Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on shares of Mitie Group from GBX 160 ($2.15) to GBX 165 ($2.21) and gave the stock 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.