Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley bought 125 shares of Mitie Group stock in a transaction on Monday, April 14th. The shares were purchased at an average price of GBX 120 ($1.60) per share, for a total transaction of £150 ($199.44).
Mitie Group Stock Performance
MTO traded up GBX 2.40 ($0.03) during midday trading on Friday, reaching GBX 133.40 ($1.77). The company had a trading volume of 4,271,459 shares, compared to its average volume of 4,413,528. Mitie Group plc has a 1 year low of GBX 101 ($1.34) and a 1 year high of GBX 134.65 ($1.79). The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The company has a market cap of £1.68 billion, a P/E ratio of 13.86, a P/E/G ratio of 10.10 and a beta of 1.41. The business has a 50-day moving average of GBX 117.24 and a two-hundred day moving average of GBX 114.68.
Mitie Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 16th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
Analysts Set New Price Targets
Separately, Berenberg Bank increased their price objective on shares of Mitie Group from GBX 160 ($2.13) to GBX 165 ($2.19) and gave the company a "buy" rating in a research report on Wednesday.
Read Our Latest Research Report on Mitie Group
About Mitie Group
(
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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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