Simon Kirkpatrick Sells 99,531 Shares of Mitie Group (LON:MTO) Stock

Mitie Group plc (LON:MTO) insider Simon Kirkpatrick sold 99,531 shares of Mitie Group stock in a transaction on Monday, June 8th. The shares were sold at an average price of GBX 165, for a total value of £164,226.15.

Mitie Group Stock Down 2.2%

Shares of LON:MTO traded down GBX 3.65 on Tuesday, hitting GBX 162. 65,660,336 shares of the company’s stock were exchanged, compared to its average volume of 9,538,213. The firm’s 50-day moving average is GBX 174.86 and its 200 day moving average is GBX 171.29. The company has a market capitalization of £2.03 billion, a PE ratio of 22.19, a P/E/G ratio of 10.10 and a beta of 0.87. Mitie Group plc has a 1-year low of GBX 134.80 and a 1-year high of GBX 188.10. The company has a debt-to-equity ratio of 107.60, a quick ratio of 0.83 and a current ratio of 0.89.

Mitie Group (LON:MTO) last announced its earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share (EPS) for the quarter. The firm had revenue of GBX 561.86 billion during the quarter. Mitie Group had a return on equity of 15.86% and a net margin of 1.47%. Sell-side analysts predict that Mitie Group plc will post 10.9360519 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 195 price target on shares of Mitie Group in a report on Monday. Royal Bank Of Canada dropped their price objective on Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research note on Friday. Finally, Berenberg Bank raised their price objective on Mitie Group from GBX 210 to GBX 215 and gave the company a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 189.20.

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.