Mitie Group Given “Buy” Rating at Cantor Fitzgerald (MTO)
Mitie Group (LON:MTO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, American Banking News reports. They currently have a GBX 330 ($5.29) target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 12.81% from the stock’s previous close.
Shares of Mitie Group (LON:MTO) traded down 0.03% on Thursday, hitting GBX 292.5215. The stock had a trading volume of 989,716 shares. Mitie Group has a 52-week low of GBX 245.60 and a 52-week 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 £1.058 billion.
MTO has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Wednesday. They now have a GBX 310 ($4.97) price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 290.87 ($4.66).
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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