Christopher Rogers Acquires 50,000 Shares of Mitie Group (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Christopher Rogers bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of GBX 115 per share, with a total value of £57,500.

Mitie Group Stock Performance

LON MTO traded up GBX 2.40 during midday trading on Friday, hitting GBX 157. The company had a trading volume of 47,138,836 shares, compared to its average volume of 5,727,062. The firm has a fifty day simple moving average of GBX 151.13 and a two-hundred day simple moving average of GBX 146.90. Mitie Group plc has a fifty-two week low of GBX 105.40 and a fifty-two week high of GBX 168. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 85.41. The stock has a market cap of £2.02 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 10.10 and a beta of 1.41.

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

Mitie Group announced that its Board of Directors has approved a share buyback program on Tuesday, October 14th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MTO shares. Jefferies Financial Group restated a “hold” rating and set a GBX 145 price objective on shares of Mitie Group in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mitie Group from GBX 165 to GBX 170 and gave the company a “buy” rating in a research note on Monday, August 11th. Berenberg Bank lifted their target price on shares of Mitie Group from GBX 185 to GBX 210 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, Peel Hunt restated a “buy” rating and set a GBX 191 price target on shares of Mitie Group in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 179.

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.