Mitie Group plc (LON:MTO) Insider Salma Shah Purchases 2,360 Shares

Mitie Group plc (LON:MTO) insider Salma Shah purchased 2,360 shares of Mitie Group stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of GBX 118 ($1.49) per share, with a total value of £2,784.80 ($3,522.39).

Mitie Group Trading Up 0.5 %

Shares of MTO stock opened at GBX 116.80 ($1.48) on Tuesday. Mitie Group plc has a fifty-two week low of GBX 90.70 ($1.15) and a fifty-two week high of GBX 124.94 ($1.58). The firm has a market capitalization of £1.50 billion, a P/E ratio of 1,668.57, a PEG ratio of 10.10 and a beta of 1.30. The stock’s fifty day moving average is GBX 118.58 and its two-hundred day moving average is GBX 109.08. The company has a debt-to-equity ratio of 69.61, a quick ratio of 0.83 and a current ratio of 0.93.

Mitie Group Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Mitie Group from GBX 140 ($1.77) to GBX 145 ($1.83) and gave the stock a “buy” rating in a research note on Monday, June 24th.

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.