Mitie Group plc (LON:MTO) Insider Salma Shah Buys 2,360 Shares

Mitie Group plc (LON:MTO - Get Free Report) insider Salma Shah acquired 2,360 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were purchased at an average price of GBX 141 ($1.94) per share, for a total transaction of £3,327.60 ($4,572.76).

Mitie Group Stock Down 0.6%

LON MTO 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 company's stock traded hands, compared to its average volume of 4,688,396. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. Mitie Group plc has a 1-year low of GBX 101 ($1.39) and a 1-year high of GBX 160 ($2.20). The company has a fifty day simple moving average of GBX 147.42 and a 200-day simple moving average of GBX 126.57. The company has a market cap of £1.77 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 10.10 and a beta of 1.41.

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

Mitie Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 16th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on Mitie Group from GBX 160 ($2.20) to GBX 165 ($2.27) and gave the company 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.