Mitie Group Downgraded to Hold at Cantor Fitzgerald Europe (MTO)
Mitie Group (LON:MTO) was downgraded by analysts at Cantor Fitzgerald Europe to a “hold” rating in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 330 ($5.42) price objective on the stock. Cantor Fitzgerald Europe’s price target points to a potential upside of 0.58% from the stock’s previous close.
Mitie Group (LON:MTO) traded down 0.18% on Monday, hitting GBX 327.50. The stock had a trading volume of 643,715 shares. Mitie Group has a one year low of GBX 245.60 and a one year high of GBX 330.40. The stock’s 50-day moving average is GBX 311. and its 200-day moving average is GBX 294.5. The company’s market cap is £1.180 billion.
A number of other firms have also recently commented on MTO. Analysts at Liberum Capital reiterated a “sell” rating on shares of Mitie Group in a research note to investors on Friday, January 10th. They now have a GBX 280 ($4.60) price target on the stock. Separately, analysts at UBS AG downgraded shares of Mitie Group to a “neutral” rating in a research note to investors on Wednesday, November 27th. They now have a GBX 320 ($5.25) price target on the stock, up previously from GBX 305 ($5.01). Finally, analysts at Jefferies Group raised their price target on shares of Mitie Group from GBX 285 ($4.68) to GBX 315 ($5.17) in a research note to investors on Friday, November 22nd. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 296.67 ($4.87).
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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