Mitie Group plc (LON:MTO) Insider Phillip Bentley Sells 4,750,000 Shares of 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 value of £5,557,500 ($7,257,116.74).

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

• On Tuesday, August 13th, Phillip Bentley purchased 124 shares of Mitie Group stock. The shares were bought 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 shares were 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 stock opened at GBX 121.20 ($1.58) on Friday. The firm has a market capitalization 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 current ratio of 0.93, a quick ratio of 0.83 and a debt-to-equity ratio of 67.87. The business’s 50-day moving average price is GBX 120.53 and its 200-day moving average price is GBX 118.82. Mitie Group plc has a 12 month low of GBX 93 ($1.21) and a 12 month high of GBX 127 ($1.66).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mitie Group from GBX 140 ($1.83) to GBX 145 ($1.89) 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 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.