Key Points
- Insider buying: Mitie Group director Phillip Bentley purchased 71 shares at GBX 210 each, worth £149.10, following similar purchases in August and September.
- Stock performance: Shares opened at GBX 210.20, near their 52-week high of GBX 214, with a market capitalization of approximately £2.67 billion.
- Analyst view: Berenberg downgraded Mitie Group to “hold” and lowered its price target to GBX 219. Despite this, the overall analyst consensus remains “Moderate Buy,” with a target price of GBX 201.25.
Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley purchased 71 shares of the business's stock in a transaction on Tuesday, October 13th. The shares were purchased at an average price of GBX 210 per share, with a total value of £149.10.
Phillip Bentley also recently made the following trade(s):
- On Monday, September 14th, Phillip Bentley acquired 72 shares of Mitie Group stock. The stock was purchased at an average cost of GBX 209 per share, for a total transaction of £150.48.
- On Thursday, August 13th, Phillip Bentley acquired 72 shares of Mitie Group stock. The stock was purchased at an average cost of GBX 208 per share, for a total transaction of £149.76.
Mitie Group Stock Down 0.1%
Shares of MTO opened at GBX 210.20 on Friday. The stock has a market capitalization of £2.67 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 10.10 and a beta of 0.89. Mitie Group plc has a 1 year low of GBX 143 and a 1 year high of GBX 214. The business's 50 day simple moving average is GBX 209.32 and its 200-day simple moving average is GBX 185.50. The company has a debt-to-equity ratio of 107.60, a current ratio of 0.89 and a quick ratio of 0.83.
Analyst Ratings Changes
Separately, Berenberg Bank cut shares of Mitie Group to a "hold" rating and reduced their price target for the stock from GBX 230 to GBX 219 in a research report on Wednesday, September 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 201.25.
Check Out Our Latest Report on MTO
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.
Recommended Stories
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].
