Mitie Group (LON:MTO) Insider Acquires 71 Shares of Company Stock

Mitie Group plc (LON:MTO – Get Free Report) insider Phillip Bentley bought 71 shares of the stock in a transaction that occurred on Tuesday, October 13th. The shares were purchased at an average cost of GBX 210 per share, with a total value of £149.10.

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

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• On Monday, September 14th, Phillip Bentley bought 72 shares of Mitie Group stock. The stock was purchased at an average price of GBX 209 per share, for a total transaction of £150.48.
• On Thursday, August 13th, Phillip Bentley bought 72 shares of Mitie Group stock. The stock was purchased at an average price of GBX 208 per share, for a total transaction of £149.76.

Mitie Group Trading Down 0.1%

MTO traded down GBX 0.20 during trading on Thursday, reaching GBX 210.20. 130,646,813 shares of the stock traded hands, compared to its average volume of 16,661,229. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 107.60. The stock has a market capitalization of £2.67 billion, a PE ratio of 34.46, a P/E/G ratio of 10.10 and a beta of 0.89. The stock’s 50-day moving average is GBX 209.25 and its 200 day moving average is GBX 185.19. Mitie Group plc has a 12 month low of GBX 143 and a 12 month high of GBX 214.

Analysts Set New Price Targets

Separately, Berenberg Bank downgraded Mitie Group to a “hold” rating and dropped their price objective for the company from GBX 230 to GBX 219 in a research note on Wednesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 201.25.

Check Out Our Latest Stock Report on Mitie Group

Mitie Group Company Profile

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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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