Insider Buying: Mitie Group plc (LON:MTO) Insider Purchases 104 Shares of Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley purchased 104 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were purchased at an average price of GBX 144 ($1.95) per share, with a total value of £149.76 ($203.23).

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

• On Tuesday, May 13th, Phillip Bentley acquired 101 shares of Mitie Group stock. The stock was acquired at an average price of GBX 149 ($2.02) per share, with a total value of £150.49 ($204.22).
• On Monday, April 14th, Phillip Bentley purchased 125 shares of Mitie Group stock. The shares were acquired at an average price of GBX 120 ($1.63) per share, with a total value of £150 ($203.56).

Mitie Group Trading Up 0.1%

Mitie Group stock traded up GBX 0.20 ($0.00) during trading on Tuesday, hitting GBX 143.20 ($1.94). The company had a trading volume of 6,314,373 shares, compared to its average volume of 4,710,181. The stock has a market cap of £1.81 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 85.41. Mitie Group plc has a 1-year low of GBX 101 ($1.37) and a 1-year high of GBX 160 ($2.17). The company’s 50 day simple moving average is GBX 143.72 and its 200-day simple moving average is GBX 124.21.

Mitie Group (LON:MTO) last released its quarterly earnings results on Thursday, June 5th. The company reported GBX 12.70 ($0.17) 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 expect that Mitie Group plc will post 10.9360519 EPS for the current fiscal year.

Mitie Group declared that its board has initiated a stock buyback program 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 programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on shares of Mitie Group from GBX 160 ($2.17) to GBX 165 ($2.24) and gave the company a “buy” rating in a research report 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.