Mitie Group PLC (MTO) Given Average Recommendation of “Hold” by Analysts
Shares of Mitie Group PLC (LON:MTO) have earned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 224.82 ($2.93).
Several research analysts have commented on MTO shares. Liberum Capital reissued a “hold” rating and issued a GBX 300 ($3.91) price objective on shares of Mitie Group PLC in a research report on Thursday, July 6th. Canaccord Genuity restated a “buy” rating and set a GBX 300 ($3.91) target price on shares of Mitie Group PLC in a research note on Thursday, July 27th. Numis Securities Ltd restated a “reduce” rating and set a GBX 255 ($3.32) target price on shares of Mitie Group PLC in a research note on Tuesday, June 27th. Finally, Peel Hunt upgraded Mitie Group PLC to a “hold” rating and raised their target price for the company from GBX 175 ($2.28) to GBX 253 ($3.29) in a research note on Thursday, July 27th.
In related news, insider Derek Mapp bought 100,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of GBX 267 ($3.48) per share, for a total transaction of £267,000 ($347,701.52).
Mitie Group PLC (LON:MTO) opened at 264.30 on Tuesday. Mitie Group PLC has a 1-year low of GBX 165.00 and a 1-year high of GBX 313.50. The company’s 50-day moving average price is GBX 275.36 and its 200 day moving average price is GBX 233.48. The firm’s market capitalization is GBX 935.36 million.
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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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