Mitie Group (MTO) Receives Buy Rating from Liberum Capital
Mitie Group (LON:MTO)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They presently have a GBX 270 ($3.63) target price on the stock. Liberum Capital’s target price suggests a potential upside of 40.41% from the stock’s previous close.
MTO has been the subject of a number of other research reports. Peel Hunt restated a “hold” rating and issued a GBX 253 ($3.41) price objective on shares of Mitie Group in a research note on Tuesday, November 14th. Numis Securities reaffirmed a “reduce” rating and issued a GBX 225 ($3.03) target price on shares of Mitie Group in a report on Thursday, September 21st. Jefferies Group upped their target price on shares of Mitie Group from GBX 175 ($2.36) to GBX 220 ($2.96) and gave the stock an “underperform” rating in a report on Friday, August 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 300 ($4.04) target price on shares of Mitie Group in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Mitie Group presently has a consensus rating of “Hold” and an average price target of GBX 237.25 ($3.19).
Mitie Group (MTO) opened at GBX 192.30 ($2.59) on Tuesday. Mitie Group has a one year low of GBX 170 ($2.29) and a one year high of GBX 313.50 ($4.22).
In other news, insider Derek Mapp bought 40,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average price of GBX 204 ($2.75) per share, with a total value of £81,600 ($109,825.03).
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Mitie Group 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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