Key Points
- Mitie Group director Mary Reilly bought 1,135 shares at GBX 211 each, worth approximately £2,394.85. Another director, Salma Shah, also made a modest purchase.
- Mitie shares opened at GBX 210 and recently moved above their 200-day moving average, while trading near their 52-week high of GBX 214.
- Analysts maintain a generally positive view, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus; however, director Simon Kirkpatrick separately sold 369,123 shares for about £775,000.
Mitie Group plc (LON:MTO - Get Free Report) insider Mary Reilly acquired 1,135 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were acquired at an average price of GBX 211 per share, with a total value of £2,394.85.
Mitie Group Price Performance
Shares of MTO opened at GBX 210 on Friday. The business's 50-day moving average is GBX 208.81 and its two-hundred day moving average is GBX 182.78. The company has a market capitalization of £2.62 billion, a P/E ratio of 34.43, a P/E/G ratio of 10.10 and a beta of 0.89. Mitie Group plc has a fifty-two week low of GBX 134.80 and a fifty-two week high of GBX 214. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89.
Key Mitie Group News
Here are the key news stories impacting Mitie Group this week:
- Positive Sentiment: Directors Mary Reilly and Salma Shah bought 1,135 and 1,744 shares, respectively, at approximately GBX 211 per share. Although the combined purchases were modest, director buying can signal confidence in Mitie’s outlook. Mitie Directors Increase Holdings with Small Share Purchases
- Positive Sentiment: Mitie’s shares moved above their 200-day moving average, a technical development that can attract momentum-oriented investors and reinforce the stock’s longer-term uptrend. Mitie Group Shares Break Above Two Hundred Day Moving Average
- Neutral Sentiment: The company updated shareholders on its issued share capital and voting rights as of September 30. The routine disclosure does not indicate a material change in the investment case. Mitie Updates Shareholders on Issued Share Capital and Voting Rights
- Neutral Sentiment: Mitie disclosed that senior executives, including the chief executive, exercised long-term incentive or 2021 LTIP share options. Such transactions are generally compensation-related and do not necessarily represent open-market buying or selling. Mitie CEO Exercises Long-Term Incentive Share Options
- Negative Sentiment: Director Simon Kirkpatrick sold 369,123 shares for approximately £775,000. The sale was substantially larger than the two director purchases and could weigh on sentiment, although the filing does not establish that it reflects a negative view of Mitie’s business prospects.
Analyst Ratings Changes
A number of equities research analysts have recently commented on MTO shares. Royal Bank Of Canada dropped their price objective on shares of Mitie Group from GBX 205 to GBX 200 and set an "outperform" rating on the stock in a research note on Friday, June 5th. Berenberg Bank cut shares of Mitie Group to a "hold" rating and decreased their target price for the company from GBX 230 to GBX 219 in a research note on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 195 price target on shares of Mitie Group in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 201.25.
Read Our Latest Stock Analysis 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.
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