Insider Buying: Mitie Group plc (LON:MTO) Insider Buys £2,784.80 in Stock

Mitie Group plc (LON:MTO) insider Salma Shah acquired 2,360 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of GBX 118 ($1.49) per share, with a total value of £2,784.80 ($3,522.39).

Mitie Group Price Performance

MTO opened at GBX 117 ($1.48) on Thursday. Mitie Group plc has a 1 year low of GBX 90.70 ($1.15) and a 1 year high of GBX 124.94 ($1.58). The company’s 50 day simple moving average is GBX 118.52 and its 200 day simple moving average is GBX 109.32. The stock has a market capitalization of £1.50 billion, a PE ratio of 1,671.43, a P/E/G ratio of 10.10 and a beta of 1.30. The company has a debt-to-equity ratio of 69.61, a quick ratio of 0.83 and a current ratio of 0.93.

Mitie Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 5th. Stockholders of record on Thursday, June 20th will be issued a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.5%. This is an increase from Mitie Group’s previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, June 20th. Mitie Group’s dividend payout ratio is presently 4,285.71%.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mitie Group from GBX 140 ($1.77) to GBX 145 ($1.83) and gave the company a “buy” rating in a research note on Monday, June 24th.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.