Mitie Group (LON:MTO) Sets New 1-Year High at $127.00

Mitie Group plc (LON:MTO)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 127 ($1.67) and last traded at GBX 126.80 ($1.67), with a volume of 183340 shares. The stock had previously closed at GBX 124 ($1.64).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Mitie Group from GBX 140 ($1.85) to GBX 145 ($1.91) and gave the stock a “buy” rating in a research report on Monday, June 24th.

Mitie Group Stock Performance

The company has a market capitalization of £1.55 billion, a P/E ratio of 1,377.78, a P/E/G ratio of 10.10 and a beta of 1.42. The stock’s 50-day moving average price is GBX 120.12 and its 200-day moving average price is GBX 115.27. The company has a current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 67.87.

Mitie Group Increases Dividend

The business also recently declared a dividend, which was paid on Monday, August 5th. Shareholders of record on Thursday, June 20th were given a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.5%. This is an increase from Mitie Group’s previous dividend of $1.00. The ex-dividend date was Thursday, June 20th. Mitie Group’s payout ratio is 4,444.44%.

Insiders Place Their Bets

In other Mitie Group news, insider Simon Kirkpatrick sold 349,151 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of GBX 117 ($1.54), for a total transaction of £408,506.67 ($538,713.79). In other news, insider Phillip Bentley sold 2,276 shares of Mitie Group stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 120 ($1.58), for a total value of £2,731.20 ($3,601.74). Also, insider Simon Kirkpatrick sold 349,151 shares of Mitie Group stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of GBX 117 ($1.54), for a total transaction of £408,506.67 ($538,713.79). In the last three months, insiders have purchased 31,516 shares of company stock worth $3,604,500. 5.58% of the stock is owned by corporate insiders.

About Mitie Group

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.