Insider Selling: 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 stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of GBX 117 ($1.53), for a total value of £5,557,500 ($7,257,116.74).

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

• On Tuesday, August 13th, Phillip Bentley bought 124 shares of Mitie Group stock. The stock was bought at an average cost of GBX 121 ($1.58) per share, with a total value 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 value of £2,731.20 ($3,566.47).

Mitie Group Price Performance

LON MTO opened at GBX 121.20 ($1.58) on Monday. The firm has a market cap of £1.50 billion, a PE ratio of 1,346.67, a price-to-earnings-growth ratio of 10.10 and a beta of 1.41. Mitie Group plc has a one year low of GBX 93 ($1.21) and a one year high of GBX 127 ($1.66). The stock’s 50 day simple moving average is GBX 120.53 and its 200 day simple moving average is GBX 119. 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 increased their price target on Mitie Group from GBX 140 ($1.83) to GBX 145 ($1.89) and gave the stock 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.