Mitie Group PLC (MTO) Given “Sell” Rating at Peel Hunt
Mitie Group PLC (LON:MTO)‘s stock had its “sell” rating reissued by analysts at Peel Hunt in a research report issued on Monday. They presently have a GBX 254 ($3.32) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 30.39% from the company’s previous close.
A number of other equities analysts have also recently commented on MTO. Canaccord Genuity dropped their price target on shares of Mitie Group PLC from GBX 300 ($3.92) to GBX 270 ($3.52) and set a “buy” rating for the company in a research note on Monday, September 19th. Barclays PLC dropped their price target on shares of Mitie Group PLC from GBX 275 ($3.59) to GBX 250 ($3.26) and set an “underweight” rating for the company in a research note on Monday, June 20th. Numis Securities Ltd reaffirmed a “reduce” rating and set a GBX 166 ($2.17) price target on shares of Mitie Group PLC in a research note on Tuesday, September 20th. Finally, Liberum Capital reaffirmed a “hold” rating and set a GBX 240 ($3.13) price target on shares of Mitie Group PLC in a research note on Monday, September 19th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 254.50 ($3.32).
Mitie Group PLC (LON:MTO) opened at 194.80 on Monday. Mitie Group PLC has a 52 week low of GBX 178.00 and a 52 week high of GBX 341.00. The company’s market capitalization is GBX 690.37 million. The stock’s 50 day moving average is GBX 236.37 and its 200 day moving average is GBX 255.74.
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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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