Mitie Group plc (LON:MTO) Insider Sells £5,557,500 in Stock

Mitie Group plc (LON:MTO) insider Phillip Bentley sold 4,750,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of GBX 117 ($1.53), for a total transaction of £5,557,500 ($7,257,116.74).

Phillip Bentley also recently made the following trade(s):

• On Tuesday, August 13th, Phillip Bentley acquired 124 shares of Mitie Group stock. The stock was acquired at an average cost of GBX 121 ($1.58) per share, for a total transaction of £150.04 ($195.93).
• On Wednesday, July 31st, Phillip Bentley sold 2,276 shares of Mitie Group stock. The stock was sold at an average price of GBX 120 ($1.57), for a total transaction of £2,731.20 ($3,566.47).

Mitie Group Stock Performance

Shares of MTO opened at GBX 121.20 ($1.58) on Friday. The company has a 50-day moving average of GBX 120.53 and a two-hundred day moving average of GBX 118.91. The stock has a market cap of £1.50 billion, a price-to-earnings ratio of 1,346.67, a PEG ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 67.87, a current ratio of 0.93 and a quick ratio of 0.83. Mitie Group plc has a one year low of GBX 93 ($1.21) and a one year high of GBX 127 ($1.66).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Mitie Group from GBX 140 ($1.83) to GBX 145 ($1.89) and gave the company a “buy” rating in a research report on Monday, June 24th.

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.