Mitie Group plc (LON:MTO) Insider Buys £10,201.35 in Stock

Mitie Group plc (LON:MTO - Get Free Report) insider Derek Mapp bought 7,235 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were bought at an average cost of GBX 141 ($1.94) per share, with a total value of £10,201.35 ($14,008.99).

Mitie Group Stock Performance

MTO stock traded down GBX 0.80 ($0.01) during mid-day trading on Tuesday, reaching GBX 140.60 ($1.93). 2,427,138 shares of the stock traded hands, compared to its average volume of 4,688,396. The firm has a market capitalization of £1.77 billion, a PE ratio of 14.61, a P/E/G ratio of 10.10 and a beta of 1.41. The business has a 50-day moving average of GBX 147.31 and a two-hundred day moving average of GBX 126.48. Mitie Group plc has a 52 week low of GBX 101 ($1.39) and a 52 week high of GBX 160 ($2.20). 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 (LON:MTO - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported GBX 12.70 ($0.17) earnings per share for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. As a group, equities analysts predict that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Mitie Group declared that its board has initiated a stock repurchase program on Wednesday, April 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price objective on shares of Mitie Group from GBX 160 ($2.20) to GBX 165 ($2.27) and gave the stock a "buy" rating in a research note on Wednesday, April 16th.

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.

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