Phillip Bentley Buys 1,852,656 Shares of Mitie Group PLC (MTO) Stock
Mitie Group PLC (LON:MTO) insider Phillip Bentley purchased 1,852,656 shares of Mitie Group PLC stock in a transaction that occurred on Monday, November 21st. The shares were bought at an average cost of GBX 194 ($2.42) per share, for a total transaction of £3,594,152.64 ($4,490,445.58).
Shares of Mitie Group PLC (LON:MTO) opened at 201.50 on Thursday. The company’s market capitalization is GBX 702.63 million. Mitie Group PLC has a one year low of GBX 165.00 and a one year high of GBX 320.00. The stock has a 50 day moving average price of GBX 206.97 and a 200-day moving average price of GBX 241.89.
The company also recently announced a dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Thursday, December 15th will be given a GBX 4 ($0.05) dividend. This represents a yield of 2.11%. The ex-dividend date is Thursday, December 15th.
Several equities research analysts have issued reports on MTO shares. Canaccord Genuity dropped their price objective on Mitie Group PLC from GBX 300 ($3.75) to GBX 270 ($3.37) and set a “buy” rating on the stock in a report on Monday, September 19th. Barclays PLC dropped their price objective on Mitie Group PLC from GBX 250 ($3.12) to GBX 166 ($2.07) and set an “underweight” rating on the stock in a report on Tuesday, September 20th. Societe Generale restated a “buy” rating and set a GBX 270 ($3.37) price objective on shares of Mitie Group PLC in a report on Monday, October 10th. Royal Bank Of Canada downgraded Mitie Group PLC to an “underperform” rating and dropped their price objective for the stock from GBX 195 ($2.44) to GBX 160 ($2.00) in a report on Wednesday, November 16th. Finally, Peel Hunt restated a “sell” rating and set a GBX 254 ($3.17) price objective on shares of Mitie Group PLC in a report on Monday, September 19th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Mitie Group PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 214.56 ($2.68).
ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2016/11/24/phillip-bentley-buys-1852656-shares-of-mitie-group-plc-mto-stock.html.
About Mitie Group PLC
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. It operates through the segments, including Soft FM, Hard FM, Property Management and Healthcare. Its Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
Receive News & Stock Ratings for Mitie Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group PLC and related stocks with our FREE daily email newsletter.