Mitie Group PLC (MTO) Receives Consensus Rating of “Hold” from Analysts
Mitie Group PLC (LON:MTO) has been given an average recommendation of “Hold” by the seven ratings firms 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 issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 232 ($3.10).
Several research analysts have commented on MTO shares. Jefferies Group raised Mitie Group to a “buy” rating and boosted their target price for the stock from GBX 220 ($2.94) to GBX 290 ($3.88) in a research note on Monday, November 6th. Canaccord Genuity reissued a “buy” rating and set a GBX 300 ($4.01) target price on shares of Mitie Group in a research note on Monday, November 20th. Liberum Capital reissued a “buy” rating and set a GBX 270 ($3.61) target price on shares of Mitie Group in a research note on Tuesday, December 5th. Numis Securities reissued a “reduce” rating and set a GBX 175 ($2.34) target price on shares of Mitie Group in a research note on Friday, December 15th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 253 ($3.38) target price on shares of Mitie Group in a research note on Monday, November 20th.
Mitie Group (MTO) opened at GBX 190.30 ($2.54) on Friday. The company has a market capitalization of $696.36 and a PE ratio of -1,119.41. Mitie Group has a 52 week low of GBX 170 ($2.27) and a 52 week high of GBX 313.50 ($4.19).
The company also recently declared a dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Thursday, December 21st will be issued a dividend of GBX 1.33 ($0.02) per share. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, December 21st.
In other news, insider Derek Mapp purchased 40,000 shares of Mitie Group stock in a transaction dated Wednesday, November 29th. The shares were bought at an average cost of GBX 204 ($2.73) per share, for a total transaction of £81,600 ($109,105.50).
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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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