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

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

Mitie Group Trading Down 0.5 %

LON:MTO opened at GBX 116.20 ($1.47) on Wednesday. The stock has a market cap of £1.49 billion, a PE ratio of 1,660.00, a price-to-earnings-growth ratio of 10.10 and a beta of 1.30. 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 company has a debt-to-equity ratio of 69.61, a current ratio of 0.93 and a quick ratio of 0.83. The stock’s 50-day moving average is GBX 118.50 and its two-hundred day moving average is GBX 109.19.

Mitie Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 5th. Investors of record on Thursday, June 20th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, June 20th. This is an increase from Mitie Group’s previous dividend of $1.00. This represents a yield of 2.5%. Mitie Group’s payout ratio is presently 4,285.71%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Mitie Group from GBX 140 ($1.77) to GBX 145 ($1.83) and gave the company a “buy” rating in a report 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.