Mitie Group PLC (MTO) Receives Average Rating of “Hold” from Analysts
Mitie Group PLC (LON:MTO) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 224.22 ($2.98).
MTO has been the subject of a number of research analyst reports. Liberum Capital upgraded Mitie Group PLC to a “buy” rating and set a GBX 300 ($3.99) price target for the company in a report on Thursday, July 27th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 300 ($3.99) price target on shares of Mitie Group PLC in a report on Thursday, July 27th. Peel Hunt reiterated a “hold” rating and issued a GBX 253 ($3.36) price target on shares of Mitie Group PLC in a report on Wednesday, September 20th. Numis Securities Ltd restated a “reduce” rating and set a GBX 255 ($3.39) price objective on shares of Mitie Group PLC in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC upped their price objective on Mitie Group PLC from GBX 175 ($2.33) to GBX 220 ($2.92) and gave the stock an “underperform” rating in a research note on Friday, August 11th.
In related news, insider Derek Mapp acquired 100,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of GBX 267 ($3.55) per share, for a total transaction of £267,000 ($354,770.13).
Shares of Mitie Group PLC (LON MTO) opened at 239.00 on Friday. The firm’s market capitalization is GBX 845.82 million. Mitie Group PLC has a 12-month low of GBX 165.00 and a 12-month high of GBX 313.30. The stock has a 50 day moving average price of GBX 258.75 and a 200 day moving average price of GBX 254.82.
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.
Receive News & Ratings for Mitie Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.