Mitie Group plc (LON:MTO) Insider Acquires £9,744.91 in Stock

Mitie Group plc (LON:MTO) insider Derek Mapp purchased 8,189 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average price of GBX 119 ($1.59) per share, for a total transaction of £9,744.91 ($13,034.93).

Mitie Group Price Performance

Mitie Group stock opened at GBX 117.60 ($1.57) on Thursday. The stock’s 50 day moving average is GBX 120.85 and its 200 day moving average is GBX 117.60. Mitie Group plc has a one year low of GBX 93 ($1.24) and a one year high of GBX 127 ($1.70). The firm has a market cap of £1.47 billion, a P/E ratio of 1,306.67, a P/E/G 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.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Mitie Group from GBX 140 ($1.87) to GBX 145 ($1.94) and gave the stock a “buy” rating in a research report on Monday, June 24th.

Mitie Group Company Profile

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.