Mitie Group Stock Rating Reaffirmed by Investec (MTO)
Mitie Group (LON:MTO)‘s stock had its “buy” rating reiterated by Investec in a research note issued on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 310 ($4.97) price target on the stock. Investec’s price target would suggest a potential upside of 6.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “buy” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Wednesday. They now have a GBX 305 ($4.89) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Wednesday. They now have a GBX 285 ($4.57) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Monday, September 16th. They now have a GBX 270 ($4.32) price target on the stock.
Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 289.13 ($4.63).
Shares of Mitie Group (LON:MTO) opened at 292.30 on Wednesday. Mitie Group has a one year low of GBX 245.60 and a one year high of GBX 303.00. The stock has a 50-day moving average of GBX 281.7 and a 200-day moving average of GBX 272.5. The company’s market cap is £1.057 billion.
MITIE Group PLC is a holding company. The Company provides management services. It is focused on the provision of outsourcing and energy services in support of the buildings, facilities and infrastructure of its clients.
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