Mitie Group’s Buy Rating Reaffirmed at Seymour Pierce (MTO)
Mitie Group (LON:MTO)‘s stock had its “buy” rating reiterated by research analysts at Seymour Pierce in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 330 ($5.29) target price on the stock. Seymour Pierce’s price target would indicate a potential upside of 12.81% from the company’s current price.
A number of other analysts have also recently weighed in on MTO. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Thursday. They now have a GBX 330 ($5.29) price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Mitie Group presently has an average rating of “Hold” and an average target price of GBX 290.87 ($4.66).
Shares of Mitie Group (LON:MTO) traded down 0.03% on Thursday, hitting GBX 292.5215. 989,716 shares of the company’s stock traded hands. Mitie Group has a 52-week low of GBX 245.60 and a 52-week high of GBX 303.00. The stock’s 50-day moving average is GBX 281.7 and its 200-day moving average is GBX 272.5. The company’s market cap is £1.058 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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