Mitie Group Upgraded by HSBC to “Neutral” (MTO)
Mitie Group (LON:MTO) was upgraded by investment analysts at HSBC to a “neutral” rating in a note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a GBX 325 ($5.33) price target on the stock, up from their previous price target of GBX 275 ($4.51). HSBC’s price objective would indicate a potential downside of 0.76% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe downgraded shares of Mitie Group to a “hold” rating in a research note to investors on Monday. They now have a GBX 330 ($5.42) price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 300.83 ($4.94).
Mitie Group (LON:MTO) opened at 330.60 on Wednesday. Mitie Group has a 1-year low of GBX 245.60 and a 1-year high of GBX 331.00. The stock’s 50-day moving average is GBX 312.9 and its 200-day moving average is GBX 296.. The company’s market cap is £1.191 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.