Canaccord Genuity Reiterates Hold Rating for MITIE Group PLC (MTO)
MITIE Group PLC (LON:MTO)‘s stock had its “hold” rating restated by investment analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 330 ($5.55) price target on the stock. Canaccord Genuity’s price target indicates a potential upside of 3.68% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of MITIE Group PLC from GBX 280 ($4.71) to GBX 325 ($5.47) in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of MITIE Group PLC in a research note on Tuesday. They now have a GBX 280 ($4.71) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of MITIE Group PLC in a research note on Monday. They now have a GBX 360 ($6.06) price target on the stock. Two investment 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’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 311.36 ($5.24).
Shares of MITIE Group PLC (LON:MTO) opened at 316.80 on Tuesday. 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 318.3 and its 200-day moving average is GBX 318.8. The company’s market cap is £1.142 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Wednesday, June 25th will be paid a dividend of GBX 6.10 ($0.10) per share. This represents a dividend yield of 1.91%. The ex-dividend date is Wednesday, June 25th.
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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