MITIE Group PLC Given Average Rating of “Hold” by Brokerages (LON:MTO)
Shares of MITIE Group PLC (LON:MTO) have earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Analyst RN reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 309.09 ($5.19).
MITIE Group PLC (LON:MTO) traded up 1.44% during mid-day trading on Monday, hitting GBX 317.80. 239,292 shares of the company’s stock traded hands. MITIE Group PLC has a 52 week low of GBX 245.60 and a 52 week high of GBX 345.90. The stock’s 50-day moving average is GBX 323.3 and its 200-day moving average is GBX 316.6. The company’s market cap is £1.145 billion.
A number of analysts have recently weighed in on MTO shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of MITIE Group PLC in a research note on Wednesday, April 2nd. They now have a GBX 315 ($5.29) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of MITIE Group PLC in a research note on Thursday, March 20th. They now have a GBX 360 ($6.05) price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of MITIE Group PLC from GBX 270 ($4.53) to GBX 320 ($5.37) in a research note on Thursday, March 20th. They now have a “neutral” rating on the stock.
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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