Mitie Group PLC Given Average Recommendation of “Hold” by Analysts (LON:MTO)
Shares of Mitie Group PLC (LON:MTO) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 323.75 ($5.41).
Mitie Group PLC (LON:MTO) traded up 0.35% during mid-day trading on Friday, hitting GBX 314.10. The stock had a trading volume of 157,566 shares. Mitie Group PLC has a 52-week low of GBX 275.50 and a 52-week high of GBX 345.90. The stock’s 50-day moving average is GBX 310.7 and its 200-day moving average is GBX 320.3. The company’s market cap is £1.130 billion.
A number of analysts have recently weighed in on MTO shares. Analysts at Investec reiterated a “buy” rating on shares of Mitie Group PLC in a research note on Monday, August 11th. They now have a GBX 360 ($6.02) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of Mitie Group PLC in a research note on Monday, August 11th. Finally, analysts at Liberum Capital reiterated a “sell” rating on shares of Mitie Group PLC in a research note on Monday, August 4th. They now have a GBX 280 ($4.68) price target on the stock.
Mitie Group PLC is a holding company. The principal activity of the Company is to provide management services.
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