Liberum Capital Reiterates “Sell” Rating for MITIE Group PLC (MTO)
MITIE Group PLC (LON:MTO)‘s stock had its “sell” rating restated by equities researchers at Liberum Capital in a research report issued on Friday. They currently have a GBX 280 ($4.71) price target on the stock. Liberum Capital’s price objective points to a potential downside of 14.32% from the stock’s previous close.
A number of other analysts have also recently weighed in on MTO. Analysts at Jefferies Group raised their price target on shares of MITIE Group PLC from GBX 315 ($5.30) to GBX 325 ($5.46) in a research note on Thursday, June 5th. They now have a “hold” rating on the stock. Separately, 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 ($5.55) price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of MITIE Group PLC from GBX 280 ($4.71) to GBX 325 ($5.46) in a research note on Tuesday, May 20th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 323.13 ($5.43).
MITIE Group PLC (LON:MTO) traded down 1.25% during mid-day trading on Friday, hitting GBX 322.70. 564,943 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 has a 50-day moving average of GBX 321.9 and a 200-day moving average of GBX 320.6. The company’s market cap is £1.160 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Wednesday, June 25th will be given a dividend of GBX 6.10 ($0.10) per share. This represents a yield of 1.91%. The ex-dividend date of this dividend 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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