Salma Shah Buys 2,423 Shares of Mitie Group (LON:MTO) Stock

Key Points

• Salma Shah, an insider at Mitie Group, purchased 2,423 shares at an average price of GBX 138 on October 1st, totaling approximately £3,343.74.
• The current share price of Mitie Group stands at GBX 138.39, with a fifty-two week range from GBX 101 to GBX 160, and a market capitalization of £1.79 billion.
• Analysts have rated Mitie Group with a consensus rating of "Moderate Buy" and average price target of GBX 163.33, with two analysts issuing buy ratings and one a hold rating.

Mitie Group plc (LON:MTO - Get Free Report) insider Salma Shah bought 2,423 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was bought at an average price of GBX 138 per share, for a total transaction of £3,343.74.

Mitie Group Price Performance

Shares of LON MTO traded down GBX 0.81 during trading on Wednesday, hitting GBX 138.39. The company had a trading volume of 2,642,540 shares, compared to its average volume of 4,798,873. The stock has a fifty day simple moving average of GBX 142.04 and a two-hundred day simple moving average of GBX 138.86. Mitie Group plc has a fifty-two week low of GBX 101 and a fifty-two week high of GBX 160. The firm has a market capitalization of £1.79 billion, a price-to-earnings ratio of 1,820.91, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41.

Analyst Ratings Changes

MTO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mitie Group from GBX 165 to GBX 170 and gave the company a "buy" rating in a research report on Monday, August 11th. Berenberg Bank restated a "buy" rating and set a GBX 175 price target on shares of Mitie Group in a research report on Tuesday, September 2nd. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 145 price target on shares of Mitie Group in a research report on Thursday, September 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 163.33.

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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