Societe Generale Reaffirms Buy Rating for Mitie Group PLC (MTO)
Mitie Group PLC (LON:MTO)‘s stock had its “buy” rating reiterated by analysts at Societe Generale in a research report issued to clients and investors on Monday. They presently have a GBX 270 ($3.52) price objective on the stock. Societe Generale’s price objective indicates a potential upside of 38.60% from the company’s current price.
A number of other analysts have also issued reports on MTO. 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 research note on Monday, June 20th. Liberum Capital reiterated 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. Canaccord Genuity cut their price target 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, September 19th. Peel Hunt reiterated a “sell” rating and set a GBX 254 ($3.32) price target on shares of Mitie Group PLC in a research note on Monday, September 19th. Finally, Numis Securities Ltd reiterated 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. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 256.22 ($3.34).
Mitie Group PLC (LON:MTO) traded up 1.91% during mid-day trading on Monday, reaching GBX 197.80. 1,468,842 shares of the company were exchanged. Mitie Group PLC has a 1-year low of GBX 178.00 and a 1-year high of GBX 341.00. The stock has a 50-day moving average of GBX 236.37 and a 200 day moving average of GBX 255.74. The firm’s market capitalization is GBX 701.00 million.
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-plcs-mto-buy-rating-reaffirmed-at-societe-generale.html
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.
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.