Mitie Group PLC (MTO) Given Reduce Rating at Numis Securities Ltd
Mitie Group PLC (LON:MTO)‘s stock had its “reduce” rating reaffirmed by analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 166 ($2.17) price target on the stock. Numis Securities Ltd’s price objective points to a potential downside of 13.23% from the company’s previous close.
Several other research firms have also commented on MTO. Liberum Capital raised their price target on shares of Mitie Group PLC from GBX 250 ($3.26) to GBX 290 ($3.79) and gave the company a “hold” rating in a report on Tuesday, May 24th. Canaccord Genuity restated a “buy” rating and issued a GBX 300 ($3.92) price target on shares of Mitie Group PLC in a report on Monday, May 23rd. Peel Hunt restated a “sell” rating and issued a GBX 254 ($3.32) price target on shares of Mitie Group PLC in a report on Monday, May 23rd. Finally, Barclays PLC cut their price target on shares of Mitie Group PLC from GBX 275 ($3.59) to GBX 250 ($3.26) and set an “underweight” rating on the stock in a report on Monday, June 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 194.52 on Tuesday. The company has a 50-day moving average of GBX 260.97 and a 200 day moving average of GBX 264.07. The stock’s market cap is GBX 689.38 million. Mitie Group PLC has a 52-week low of GBX 187.00 and a 52-week high of GBX 341.00.
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Mitie Group PLC Company Profile
Mitie Group PLC is a United Kingdom-based holding company that provides management services. Its activities are focused on the provision of strategic outsourcing services. It operates in the Republic of Ireland, the Isle of Man, Guernsey, Spain and Belgium, among others. It operates in four segments: facilities management, property management, healthcare and energy solutions.
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