Mitie Group PLC (MTO) Given Average Rating of “Hold” by Brokerages
Shares of Mitie Group PLC (LON:MTO) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 205.60 ($2.60).
A number of research analysts have commented on the stock. Canaccord Genuity raised shares of Mitie Group PLC to a “buy” rating and upped their target price for the company from GBX 195 ($2.47) to GBX 300 ($3.80) in a research report on Wednesday, June 14th. Liberum Capital raised shares of Mitie Group PLC to a “hold” rating and upped their target price for the company from GBX 165 ($2.09) to GBX 250 ($3.16) in a research report on Monday, June 12th. Peel Hunt reaffirmed a “sell” rating and issued a GBX 175 ($2.21) target price on shares of Mitie Group PLC in a research report on Monday, June 12th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 210 ($2.66) target price on shares of Mitie Group PLC in a research report on Monday, March 13th. Finally, Jefferies Group LLC cut shares of Mitie Group PLC to an “underperform” rating and decreased their target price for the company from GBX 195 ($2.47) to GBX 175 ($2.21) in a research report on Tuesday, March 7th.
Mitie Group PLC (LON MTO) opened at 299.10 on Monday. Mitie Group PLC has a 1-year low of GBX 165.00 and a 1-year high of GBX 305.20. The stock’s market cap is GBX 1.05 billion. The company has a 50-day moving average of GBX 244.66 and a 200 day moving average of GBX 218.38.
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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