Mitie Group plc (MTO) Given Consensus Rating of “Hold” by Analysts
Mitie Group plc (LON:MTO) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 246 ($3.31).
A number of research firms have recently issued reports on MTO. Peel Hunt reiterated a “hold” rating and issued a GBX 253 ($3.41) target price on shares of Mitie Group in a research note on Tuesday, November 14th. Liberum Capital lowered their target price on Mitie Group from GBX 300 ($4.04) to GBX 270 ($3.63) and set a “buy” rating for the company in a research note on Sunday, November 26th. Numis Securities reiterated a “reduce” rating and issued a GBX 225 ($3.03) target price on shares of Mitie Group in a research note on Thursday, September 21st. Jefferies Group reiterated a “buy” rating and issued a GBX 290 ($3.90) target price on shares of Mitie Group in a research note on Tuesday, November 21st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 300 ($4.04) target price on shares of Mitie Group in a research note on Monday, November 20th.
In other Mitie Group news, insider Derek Mapp acquired 40,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was purchased at an average price of GBX 204 ($2.75) per share, for a total transaction of £81,600 ($109,825.03).
Mitie Group (LON:MTO) last posted its earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 7 ($0.09) by GBX (1.80) (($0.02)). Mitie Group had a net margin of 4.99% and a return on equity of 65.84%. The company had revenue of £959.70 million during the quarter.
The business also recently announced a dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Thursday, December 21st will be paid a GBX 1.33 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 0.66%.
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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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