Mitie Group plc (MTO) Given Consensus Recommendation of “Hold” by Analysts
Shares of Mitie Group plc (LON:MTO) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 232 ($3.05).
Several equities research analysts have recently weighed in on MTO shares. Liberum Capital reissued a “buy” rating and issued a GBX 300 ($3.95) target price on shares of Mitie Group plc in a research note on Friday, November 10th. Jefferies Group LLC raised shares of Mitie Group plc to a “buy” rating and increased their target price for the company from GBX 220 ($2.89) to GBX 290 ($3.81) in a research note on Monday, November 6th. Canaccord Genuity reissued a “buy” rating and issued a GBX 300 ($3.95) target price on shares of Mitie Group plc in a research note on Thursday, July 27th. Peel Hunt raised shares of Mitie Group plc to a “hold” rating and raised their price target for the stock from GBX 175 ($2.30) to GBX 253 ($3.33) in a research note on Thursday, July 27th. Finally, Numis Securities Ltd reaffirmed a “reduce” rating and issued a GBX 225 ($2.96) price target on shares of Mitie Group plc in a research note on Thursday, September 21st.
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Mitie Group plc (LON:MTO) opened at GBX 227 ($2.99) on Thursday. Mitie Group plc has a twelve month low of GBX 165 ($2.17) and a twelve month high of GBX 313.50 ($4.12).
About Mitie Group plc
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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