Liberum Capital Reiterates “Sell” Rating for MITIE Group PLC (MTO)
MITIE Group PLC (LON:MTO)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Tuesday. They currently have a GBX 280 ($4.78) target price on the stock. Liberum Capital’s target price would indicate a potential downside of 10.83% from the company’s current price.
MITIE Group PLC (LON:MTO) traded down 1.07% during mid-day trading on Tuesday, hitting GBX 314.00. The stock had a trading volume of 504,774 shares. MITIE Group PLC has a 52-week low of GBX 265.30 and a 52-week high of GBX 345.90. The stock has a 50-day moving average of GBX 318.3 and a 200-day moving average of GBX 322.3. The company’s market cap is £1.129 billion.
MTO has been the subject of a number of other recent research reports. Analysts at HSBC reiterated a “neutral” rating on shares of MITIE Group PLC in a research note on Thursday, July 10th. They now have a GBX 330 ($5.64) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of MITIE Group PLC in a research note on Tuesday, July 8th. They now have a GBX 325 ($5.55) price target on the stock. Finally, analysts at WH Ireland initiated coverage on shares of MITIE Group PLC in a research note on Tuesday, July 8th. They set an “add” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. MITIE Group PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 323.75 ($5.53).
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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