Royal Bank Of Canada Lowers Mitie Group (LON:MTO) Price Target to GBX 200

Mitie Group (LON:MTO) had its price objective dropped by investment analysts at Royal Bank Of Canada from GBX 205 to GBX 200 in a report issued on Friday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 16.65% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 price objective on shares of Mitie Group in a research note on Friday, April 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 187.20.

Mitie Group Price Performance

Shares of LON MTO opened at GBX 171.45 on Friday. The company has a debt-to-equity ratio of 120.44, a quick ratio of 0.83 and a current ratio of 0.94. The company has a 50 day simple moving average of GBX 175.12 and a two-hundred day simple moving average of GBX 171.22. Mitie Group has a fifty-two week low of GBX 134.60 and a fifty-two week high of GBX 188.10. The company has a market capitalization of £2.16 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 10.10 and a beta of 0.87.

Mitie Group (LON:MTO) last posted its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share for the quarter. The company had revenue of GBX 561.86 billion for the quarter. Mitie Group had a return on equity of 20.41% and a net margin of 1.79%. Analysts expect that Mitie Group will post 10.9360519 EPS for the current fiscal year.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.