Mitie Group PLC (LON:MTO) Receives Average Recommendation of “Hold” from Analysts
Mitie Group PLC (LON:MTO) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 219.50 ($2.84).
Several research firms have recently weighed in on MTO. Liberum Capital reiterated a “hold” rating and issued a GBX 300 ($3.89) price objective on shares of Mitie Group PLC in a research note on Thursday, July 6th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 255 ($3.30) price objective on shares of Mitie Group PLC in a research note on Tuesday, June 27th. Canaccord Genuity upgraded Mitie Group PLC to a “buy” rating and increased their price target for the stock from GBX 195 ($2.53) to GBX 300 ($3.89) in a research report on Wednesday, June 14th. Finally, Peel Hunt restated a “sell” rating and set a GBX 175 ($2.27) price target on shares of Mitie Group PLC in a research report on Monday, June 12th.
Mitie Group PLC (LON:MTO) opened at 274.50 on Friday. The firm’s market cap is GBX 971.45 million. The company’s 50-day moving average price is GBX 260.09 and its 200-day moving average price is GBX 223.85. Mitie Group PLC has a 52-week low of GBX 165.00 and a 52-week high of GBX 313.50.
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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