Mitie Group plc (MTO) Given Buy Rating at Canaccord Genuity
Mitie Group plc (LON:MTO)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a note issued to investors on Monday. They currently have a GBX 300 ($3.95) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 32.77% from the stock’s current price.
Several other equities analysts have also recently weighed in on MTO. Liberum Capital raised shares of Mitie Group plc to a “buy” rating and set a GBX 300 ($3.95) price target for the company 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. Jefferies Group LLC raised their price target on shares of Mitie Group plc from GBX 175 ($2.30) to GBX 220 ($2.89) and gave the stock an “underperform” rating in a research note on Friday, August 11th. Finally, Numis Securities Ltd reaffirmed a “reduce” rating and set a GBX 225 ($2.96) price target on shares of Mitie Group plc in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Mitie Group plc currently has an average rating of “Hold” and a consensus target price of GBX 241 ($3.17).
Shares of Mitie Group plc (LON:MTO) traded up GBX 1.16 ($0.02) on Monday, hitting GBX 225.96 ($2.97). 2,996,112 shares of the stock traded hands, compared to its average volume of 956,968. Mitie Group plc has a one year low of GBX 165 ($2.17) and a one year high of GBX 313.50 ($4.12).
Mitie Group plc (LON:MTO) last issued its quarterly earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share for the quarter, missing the consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)). The business had revenue of £959.70 million for the quarter. Mitie Group plc had a return on equity of 65.84% and a net margin of 4.99%.
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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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