Insider Buying: Mitie Group plc (LON:MTO) Insider Purchases 8,571 Shares of Stock

Mitie Group plc (LON:MTO) insider Derek Mapp acquired 8,571 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were bought at an average price of GBX 115 ($1.49) per share, with a total value of £9,856.65 ($12,742.92).

Derek Mapp also recently made the following trade(s):

• On Thursday, January 2nd, Derek Mapp bought 8,802 shares of Mitie Group stock. The shares were bought at an average cost of GBX 111 ($1.44) per share, for a total transaction of £9,770.22 ($12,631.18).

Mitie Group Stock Up 0.5 %

Shares of MTO stock traded up GBX 0.59 ($0.01) on Wednesday, hitting GBX 116.59 ($1.51). The stock had a trading volume of 1,451,256 shares, compared to its average volume of 3,700,081. Mitie Group plc has a one year low of GBX 101 ($1.31) and a one year high of GBX 127 ($1.64). The business has a 50 day moving average price of GBX 116.20 and a 200 day moving average price of GBX 114.59. The company has a market cap of £1.47 billion, a PE ratio of 12.12, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41.

Analyst Ratings Changes

Separately, Berenberg Bank started coverage on Mitie Group in a research note on Tuesday, January 28th. They issued a “buy” rating and a GBX 160 ($2.07) price objective on the stock.

About Mitie Group

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.