Citigroup Inc. Cuts Mitie Group PLC (MTO) Price Target to GBX 210
Mitie Group PLC (LON:MTO) had its price target reduced by investment analysts at Citigroup Inc. from GBX 280 ($3.47) to GBX 210 ($2.60) in a report released on Thursday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 1.74% from the company’s current price.
Other analysts also recently issued reports about the company. Societe Generale restated a “buy” rating and set a GBX 270 ($3.34) price objective on shares of Mitie Group PLC in a research report on Monday. Canaccord Genuity dropped their price objective 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 report on Monday, September 19th. Liberum Capital restated a “hold” rating and set a GBX 240 ($2.97) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Numis Securities Ltd restated a “reduce” rating and set a GBX 166 ($2.05) price objective on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Finally, Peel Hunt restated a “sell” rating and set a GBX 254 ($3.14) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 251.60 ($3.11).
Mitie Group PLC (LON:MTO) opened at 206.40 on Thursday. The company’s market cap is GBX 731.48 million. Mitie Group PLC has a 12-month low of GBX 178.00 and a 12-month high of GBX 341.00. The stock’s 50 day moving average price is GBX 231.98 and its 200 day moving average price is GBX 254.59.
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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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