Key Points
- Phillip Bentley bought 91 shares at GBX 166 on Dec 15 and had earlier acquired 195,000 shares at GBX 154 on Nov 20, following a sale of 2,000,032 shares at GBX 138 on Sep 22.
- Mitie trades with a market cap of £2.12bn and a P/E of 22.74, is near its 1‑year high (GBX 168), has a consensus analyst rating of “Moderate Buy” with a consensus target of GBX 182.20 (top targets up to GBX 210), and the board has approved a stock repurchase program.
Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley purchased 91 shares of Mitie Group stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of GBX 166 per share, for a total transaction of £151.06.
Phillip Bentley also recently made the following trade(s):
- On Thursday, November 20th, Phillip Bentley acquired 195,000 shares of Mitie Group stock. The shares were acquired at an average price of GBX 154 per share, with a total value of £300,300.
- On Monday, October 13th, Phillip Bentley purchased 108 shares of Mitie Group stock. The stock was bought at an average price of GBX 138 per share, with a total value of £149.04.
- On Monday, September 22nd, Phillip Bentley sold 2,000,032 shares of Mitie Group stock. The shares were sold at an average price of GBX 138, for a total value of £2,760,044.16.
Mitie Group Price Performance
LON:MTO opened at GBX 166 on Wednesday. The firm has a market capitalization of £2.12 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 10.10 and a beta of 1.41. Mitie Group plc has a 1 year low of GBX 105.60 and a 1 year high of GBX 168. The business has a 50 day simple moving average of GBX 158.91 and a 200-day simple moving average of GBX 147.80. The company has a debt-to-equity ratio of 85.41, a current ratio of 0.90 and a quick ratio of 0.83.
Mitie Group (LON:MTO - Get Free Report) last released its earnings results on Thursday, November 20th. The company reported GBX 5.70 earnings per share for the quarter. Mitie Group had a return on equity of 28.24% and a net margin of 2.52%. Equities analysts forecast that Mitie Group plc will post 10.9360519 EPS for the current year.
Mitie Group declared that its board has approved a stock repurchase program on Tuesday, October 14th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on MTO shares. Peel Hunt reissued a "buy" rating and issued a GBX 191 target price on shares of Mitie Group in a research note on Thursday, November 20th. Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 195 price target on shares of Mitie Group in a report on Thursday, December 4th. Berenberg Bank raised their price objective on shares of Mitie Group from GBX 185 to GBX 210 and gave the stock a "buy" rating in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 145 target price on shares of Mitie Group in a research note on Thursday, September 11th. 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 182.20.
Get Our Latest Stock Report on Mitie Group
Mitie Group Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
