Mitie Group (LON:MTO) Stock: Insider Salma Shah Buys 1,744 Shares

Mitie Group plc (LON:MTO) insider Salma Shah acquired 1,744 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of GBX 211 per share, for a total transaction of £3,679.84.

Mitie Group Stock Performance

Shares of Mitie Group stock remained flat at GBX 210 on Thursday. The stock had a trading volume of 131,565,328 shares, compared to its average volume of 17,414,199. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 107.60. Mitie Group plc has a fifty-two week low of GBX 134.80 and a fifty-two week high of GBX 214. The business has a 50-day moving average price of GBX 208.80 and a 200 day moving average price of GBX 182.52. The firm has a market cap of £2.62 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 10.10 and a beta of 0.89.

Analysts Set New Price Targets

MTO has been the topic of a number of research reports. Royal Bank Of Canada lowered their price target on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a report on Friday, June 5th. Berenberg Bank cut Mitie Group to a “hold” rating and decreased their price objective for the stock from GBX 230 to GBX 219 in a research report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 195 target price on shares of Mitie Group in a research note on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 201.25.

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.