Mitie Group plc (LON:MTO) Insider Phillip Bentley Sells 4,750,000 Shares

Mitie Group plc (LON:MTO - Get Free Report) insider Phillip Bentley sold 4,750,000 shares of Mitie Group stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of GBX 117 ($1.53), for a total transaction of £5,557,500 ($7,257,116.74).

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

• On Tuesday, August 13th, Phillip Bentley acquired 124 shares of Mitie Group stock. The stock was purchased 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 value of £2,731.20 ($3,566.47).

Mitie Group Stock Performance

Shares of MTO stock remained flat at GBX 121.20 ($1.58) during trading hours on Friday. The stock had a trading volume of 2,130,856 shares, compared to its average volume of 3,255,329. The stock has a market cap of £1.50 billion, a PE ratio of 1,346.67, a PEG ratio of 10.10 and a beta of 1.41. The company has a debt-to-equity ratio of 67.87, a quick ratio of 0.83 and a current ratio of 0.93. The firm has a 50-day moving average price of GBX 120.48 and a two-hundred day moving average price of GBX 118.71. Mitie Group plc has a 1-year low of GBX 93 ($1.21) and a 1-year high of GBX 127 ($1.66).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Mitie Group from GBX 140 ($1.83) to GBX 145 ($1.89) and gave the company a "buy" rating in a research note on Monday, June 24th.

Mitie Group Company Profile

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.