Mitie Group PLC (MTO) Receives Consensus Recommendation of “Sell” from Brokerages
Mitie Group PLC (LON:MTO) has been given a consensus recommendation of “Sell” by the ten ratings firms that are presently covering the stock. Seven investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 186.60 ($2.43).
MTO has been the subject of a number of recent analyst reports. Liberum Capital restated a “sell” rating and set a GBX 165 ($2.15) target price on shares of Mitie Group PLC in a report on Wednesday, May 3rd. Jefferies Group LLC downgraded Mitie Group PLC to an “underperform” rating and decreased their target price for the company from GBX 195 ($2.54) to GBX 175 ($2.28) in a report on Tuesday, March 7th. Peel Hunt restated a “sell” rating and set a GBX 166 ($2.16) target price on shares of Mitie Group PLC in a report on Tuesday, January 24th. Finally, Citigroup Inc restated a “neutral” rating and set a GBX 210 ($2.73) target price on shares of Mitie Group PLC in a report on Monday, March 13th.
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Shares of Mitie Group PLC (LON:MTO) opened at 242.70 on Tuesday. The firm’s market cap is GBX 846.29 million. Mitie Group PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 293.40. The stock’s 50 day moving average is GBX 223.95 and its 200 day moving average is GBX 212.66.
Mitie Group PLC Company Profile
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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