Insider Selling: Mitie Group plc (LON:MTO) Insider Sells £2,731.20 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley sold 2,276 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of GBX 120 ($1.54), for a total value of £2,731.20 ($3,513.25).

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

• On Monday, July 15th, Phillip Bentley bought 123 shares of Mitie Group stock. The shares were bought at an average cost of GBX 122 ($1.57) per share, with a total value of £150.06 ($193.03).
• On Thursday, June 13th, Phillip Bentley bought 128 shares of Mitie Group stock. The shares were bought at an average cost of GBX 117 ($1.51) per share, with a total value of £149.76 ($192.64).
• On Monday, May 13th, Phillip Bentley bought 125 shares of Mitie Group stock. The shares were bought at an average cost of GBX 119 ($1.53) per share, with a total value of £148.75 ($191.34).

Mitie Group Stock Down 1.5 %

MTO opened at GBX 118.80 ($1.53) on Monday. Mitie Group plc has a 1-year low of GBX 90.70 ($1.17) and a 1-year high of GBX 124.94 ($1.61). The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 69.61. The stock has a market capitalization of £1.52 billion, a price-to-earnings ratio of 1,697.14, a P/E/G ratio of 10.10 and a beta of 1.30. The business has a 50 day moving average of GBX 118.98 and a 200-day moving average of GBX 112.47.

Mitie Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 5th. Stockholders of record on Thursday, June 20th will be given a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.5%. This is a boost 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 currently 4,285.71%.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their target price on Mitie Group from GBX 140 ($1.80) to GBX 145 ($1.87) and gave the stock a “buy” rating in a research report on Monday, June 24th.

Mitie Group Company Profile

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.