Phillip Bentley Purchases 72 Shares of Mitie Group (LON:MTO) Stock

Key Points

• Mitie Group insider Phillip Bentley bought 72 shares at GBX 208 each, investing £149.76. This followed his sale of 248,985 shares for approximately £410,825 in June.
• Mitie shares rose 0.1% to GBX 208.12, near the company’s 52-week high of GBX 214, giving it a market capitalization of approximately £2.71 billion.
• Analysts maintain a “Moderate Buy” consensus, with four Buy ratings and one Hold rating; the average price target is GBX 192.20, below the current share price.

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley bought 72 shares of the firm's stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of GBX 208 per share, with a total value of £149.76.

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

• On Monday, June 8th, Phillip Bentley sold 248,985 shares of Mitie Group stock. The stock was sold at an average price of GBX 165, for a total value of £410,825.25.

Mitie Group Stock Up 0.1%

Mitie Group stock traded up GBX 0.12 during mid-day trading on Monday, hitting GBX 208.12. 7,267,292 shares of the company's stock were exchanged, compared to its average volume of 17,361,408. Mitie Group plc has a 1-year low of GBX 134.80 and a 1-year high of GBX 214. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60. The stock has a 50 day moving average of GBX 174.93 and a two-hundred day moving average of GBX 174.81. The stock has a market cap of £2.71 billion, a P/E ratio of 34.12, a P/E/G ratio of 10.10 and a beta of 0.90.

Mitie Group (LON:MTO - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The company reported GBX 13.60 earnings per share for the quarter. The business had revenue of GBX 561.86 billion during the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%. As a group, analysts anticipate that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Analyst Ratings Changes

MTO has been the subject of a number of recent analyst reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 230 price objective on shares of Mitie Group in a report on Wednesday, July 22nd. Royal Bank Of Canada reduced their price target on Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating for the company in a research report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 195 price objective on shares of Mitie Group in a report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 192.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source