Mitie Group plc (LON:MTO) Insider Simon Kirkpatrick Sells 349,151 Shares of Stock

Mitie Group plc (LON:MTO) insider Simon Kirkpatrick sold 349,151 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of GBX 117 ($1.48), for a total transaction of £408,506.67 ($518,212.19).

Mitie Group Stock Performance

LON MTO opened at GBX 119 ($1.51) on Tuesday. The company has a debt-to-equity ratio of 69.61, a current ratio of 0.93 and a quick ratio of 0.83. Mitie Group plc has a 1-year low of GBX 90.70 ($1.15) and a 1-year high of GBX 124.94 ($1.58). The business has a 50 day simple moving average of GBX 118.49 and a two-hundred day simple moving average of GBX 108.49. The stock has a market capitalization of £1.52 billion, a PE ratio of 1,700.00, a P/E/G ratio of 10.10 and a beta of 1.30.

Mitie Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 5th. Investors of record on Thursday, June 20th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, June 20th. This is a positive change from Mitie Group’s previous dividend of $1.00. This represents a dividend yield of 2.5%. Mitie Group’s dividend payout ratio (DPR) is 4,285.71%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mitie Group from GBX 140 ($1.78) to GBX 145 ($1.84) and gave the stock a “buy” rating in a research note on Monday.

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.