Mitie Group plc (LON:MTO) Insider Christopher Rogers Buys 144,000 Shares

Mitie Group plc (LON:MTO - Get Free Report) insider Christopher Rogers acquired 144,000 shares of Mitie Group stock in a transaction on Friday, June 6th. The shares were bought at an average cost of GBX 137 ($1.87) per share, with a total value of £197,280 ($268,590.88).

Mitie Group Trading Up 1.7%

Shares of LON:MTO traded up GBX 2.45 ($0.03) during midday trading on Thursday, reaching GBX 146.25 ($1.99). The company's stock had a trading volume of 7,941,228 shares, compared to its average volume of 4,648,467. The firm has a 50 day moving average price of GBX 141.90 and a two-hundred day moving average price of GBX 123.23. The firm has a market capitalization of £1.85 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. Mitie Group plc has a fifty-two week low of GBX 101 ($1.38) and a fifty-two week high of GBX 160 ($2.18).

Mitie Group (LON:MTO - Get Free Report) last announced 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 return on equity of 28.24% and a net margin of 2.52%. As a group, analysts forecast that Mitie Group plc will post 10.9360519 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on shares of Mitie Group from GBX 160 ($2.18) to GBX 165 ($2.25) 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.