Mitie Group Lowered to Hold at Cantor Fitzgerald Europe (MTO)
Mitie Group (LON:MTO) was downgraded by stock analysts at Cantor Fitzgerald Europe to a “hold” rating in a report issued on Monday, American Banking News.com reports. They currently have a GBX 330 ($5.42) price target on the stock. Cantor Fitzgerald Europe’s price objective indicates a potential upside of 0.58% from the stock’s previous close.
Mitie Group (LON:MTO) opened at 327.00 on Monday. Mitie Group has a one year low of GBX 245.60 and a one year high of GBX 330.40. The stock has a 50-day moving average of GBX 311. and a 200-day moving average of GBX 294.5. The company’s market cap is £1.179 billion.
A number of other analysts have also recently weighed in 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 analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Mitie Group currently has an average rating of “Hold” and a consensus 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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