Mitie Group (LON:MTO) Insider Phillip Bentley Acquires 89 Shares

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 89 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of GBX 169 per share, for a total transaction of £150.41.

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

• On Friday, February 13th, Phillip Bentley purchased 84 shares of Mitie Group stock. The shares were purchased at an average price of GBX 179 per share, for a total transaction of £150.36.

Mitie Group Stock Performance

Shares of Mitie Group stock traded up GBX 2.33 on Thursday, reaching GBX 172.63. 4,600,709 shares of the stock were exchanged, compared to its average volume of 9,883,697. Mitie Group plc has a 1-year low of GBX 134.60 and a 1-year high of GBX 188.10. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 120.44. The business has a fifty day moving average price of GBX 174.27 and a two-hundred day moving average price of GBX 169.84. The firm has a market capitalization of £2.17 billion, a PE ratio of 23.65, a PEG ratio of 10.10 and a beta of 0.87.

Wall Street Analysts Forecast Growth

MTO has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on Mitie Group from GBX 195 to GBX 205 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Berenberg Bank reissued a “buy” rating and set a GBX 210 price target on shares of Mitie Group in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Mitie Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Mitie Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 188.20.

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.