Insider Buying: Mitie Group (LON:MTO) Insider Buys 1,518 Shares of Stock

Mitie Group plc (LON:MTO) insider Mary Reilly purchased 1,518 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average cost of GBX 167 per share, for a total transaction of £2,535.06.

Mitie Group Trading Up 0.7%

Shares of MTO stock traded up GBX 1.20 during mid-day trading on Monday, hitting GBX 166. The company’s stock had a trading volume of 11,857,396 shares, compared to its average volume of 21,938,580. The company has a market cap of £2.12 billion, a PE ratio of 22.74, a P/E/G ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 85.41, a quick ratio of 0.83 and a current ratio of 0.90. The company’s fifty day simple moving average is GBX 162.94 and its 200-day simple moving average is GBX 149.72. Mitie Group plc has a 52 week low of GBX 105.60 and a 52 week high of GBX 170.60.

Mitie Group (LON:MTO) last issued its earnings results on Thursday, November 20th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Mitie Group had a net margin of 2.52% and a return on equity of 28.24%. As a group, equities research analysts expect that Mitie Group plc will post 10.9360519 earnings per share for the current fiscal year.

Mitie Group declared that its board has authorized a share repurchase program on Tuesday, October 14th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTO. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 195 price objective on shares of Mitie Group in a report on Thursday, December 4th. Peel Hunt reaffirmed a “buy” rating and set a GBX 191 price objective on shares of Mitie Group in a report on Thursday, November 20th. Berenberg Bank increased their target price on shares of Mitie Group from GBX 185 to GBX 210 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 145 price target on shares of Mitie Group in a report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 182.20.

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.