Mitie Group PLC (MTO) Given Sell Rating at Peel Hunt
Mitie Group PLC (LON:MTO)‘s stock had its “sell” rating reaffirmed by Peel Hunt in a note issued to investors on Monday. They currently have a GBX 254 ($3.14) price objective on the stock. Peel Hunt’s price target indicates a potential upside of 27.64% from the company’s current price.
Other research analysts also recently issued reports about the company. Barclays PLC reaffirmed an “underweight” rating and set a GBX 250 ($3.09) target price on shares of Mitie Group PLC in a research note on Monday, July 25th. Liberum Capital reaffirmed a “hold” rating and set a GBX 240 ($2.97) target price on shares of Mitie Group PLC in a research note on Monday, September 19th. Numis Securities Ltd reaffirmed a “reduce” rating and set a GBX 166 ($2.05) target price on shares of Mitie Group PLC in a research note on Tuesday, September 20th. Finally, Canaccord Genuity reduced their target price on Mitie Group PLC from GBX 300 ($3.71) to GBX 270 ($3.34) and set a “buy” rating for the company in a research note on Monday, September 19th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Mitie Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 256.22 ($3.17).
Shares of Mitie Group PLC (LON:MTO) traded up 2.52% during mid-day trading on Monday, reaching GBX 199.00. The company had a trading volume of 2,183,062 shares. Mitie Group PLC has a 1-year low of GBX 178.00 and a 1-year high of GBX 341.00. The company’s market capitalization is GBX 705.25 million. The stock’s 50-day moving average price is GBX 234.63 and its 200 day moving average price is GBX 255.26.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/mitie-group-plc-mto-given-sell-rating-at-peel-hunt-2.html
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.
Receive News & Ratings for Mitie Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.