MITIE Group PLC Given New GBX 325 Price Target at Jefferies Group (MTO)
Research analysts at Jefferies Group hoisted their price objective on shares of MITIE Group PLC (LON:MTO) from GBX 315 ($5.28) to GBX 325 ($5.45) in a report released on Thursday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 0.01% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of MITIE Group PLC in a research note on Tuesday, May 20th. They now have a GBX 330 ($5.53) price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of MITIE Group PLC from GBX 280 ($4.69) to GBX 325 ($5.45) in a research note on Tuesday, May 20th. They now have a “neutral” rating on the stock. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of MITIE Group PLC in a research note on Tuesday, May 20th. They now have a GBX 280 ($4.69) price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. MITIE Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 322.22 ($5.40).
Shares of MITIE Group PLC (LON:MTO) traded up 0.30% on Thursday, hitting GBX 325.98. The stock had a trading volume of 675,667 shares. MITIE Group PLC has a one year low of GBX 245.60 and a one year high of GBX 345.90. The stock has a 50-day moving average of GBX 320.7 and a 200-day moving average of GBX 320.2. The company’s market cap is £1.172 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, August 6th. Shareholders 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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