Numis Securities Ltd Reiterates “Reduce” Rating for Mitie Group PLC (MTO)
Mitie Group PLC (LON:MTO)‘s stock had its “reduce” rating reiterated by Numis Securities Ltd in a report issued on Tuesday. They presently have a GBX 166 ($2.17) price target on the stock. Numis Securities Ltd’s price target indicates a potential downside of 13.23% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Canaccord Genuity lowered their target price on shares of Mitie Group PLC from GBX 300 ($3.92) to GBX 270 ($3.52) and set a “buy” rating on the stock in a research note on Monday. Liberum Capital reiterated a “hold” rating and issued a GBX 240 ($3.13) target price on shares of Mitie Group PLC in a research note on Monday. Peel Hunt reissued a “sell” rating and issued a GBX 254 ($3.32) target price on shares of Mitie Group PLC in a report on Monday, May 23rd. Finally, Barclays PLC cut their price objective on Mitie Group PLC from GBX 250 ($3.26) to GBX 166 ($2.17) and set an “underweight” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 194.808 on Tuesday. Mitie Group PLC has a one year low of GBX 187.00 and a one year high of GBX 341.00. The stock’s 50 day moving average price is GBX 260.97 and its 200 day moving average price is GBX 264.07. The stock’s market capitalization is GBX 690.40 million.
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About Mitie Group PLC
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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