Mitie Group PLC (LON:MTO) Insider Bought £15,103.32 in Shares

Mitie Group PLC (LON:MTO) Insider Bought £15,103.32 in Shares

Mitie Group PLC (LON:MTO) insider Mary Reilly purchased 11,708 shares of the stock in a transaction dated Monday, December 17th. The shares were bought at an average price of GBX 129 ($1.69) per share, for a total transaction of £15,103.32 ($19,735.16).

MTO stock traded down GBX 4.20 ($0.05) during midday trading on Friday, reaching GBX 114.70 ($1.50). The company’s stock had a trading volume of 404,199 shares, compared to its average volume of 1,050,000. Mitie Group PLC has a 52 week low of GBX 147.90 ($1.93) and a 52 week high of GBX 313.50 ($4.10).

The company also recently announced a dividend, which will be paid on Tuesday, February 12th. Shareholders of record on Thursday, December 20th will be issued a GBX 1.33 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a yield of 0.87%.

A number of equities research analysts recently issued reports on the stock. Liberum Capital reiterated a “buy” rating on shares of Mitie Group in a report on Wednesday, September 26th. Peel Hunt raised shares of Mitie Group to a “hold” rating in a research report on Wednesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 300 ($3.92) price objective on shares of Mitie Group in a research report on Wednesday, September 26th. Finally, Barclays reaffirmed an “overweight” rating on shares of Mitie Group in a research report on Friday, October 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 203.38 ($2.66).

Mitie Group Company Profile

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.

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