Mitie Group Stock Rating Reaffirmed by Liberum Capital (MTO)
Mitie Group (LON:MTO)‘s stock had its “sell” rating reiterated by equities researchers at Liberum Capital in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a GBX 240 ($3.87) target price on the stock. Liberum Capital’s price target would indicate a potential downside of 18.85% from the company’s current price.
Shares of Mitie Group (LON:MTO) traded down 0.05% during mid-day trading on Wednesday, hitting GBX 295.7501. 665,315 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 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 £1.070 billion.
A number of other firms have also recently commented on MTO. Analysts at Seymour Pierce reiterated a “buy” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Thursday, September 26th. They now have a GBX 330 ($5.32) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Thursday, September 26th. They now have a GBX 330 ($5.32) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Mitie Group (LON:MTO) in a research note to investors on Wednesday, September 25th. They now have a GBX 310 ($5.00) price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 290.87 ($4.69).
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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