Mitie Group PLC (MTO) PT Lowered to GBX 270
Mitie Group PLC (LON:MTO) had its price target reduced by research analysts at Canaccord Genuity from GBX 300 ($3.92) to GBX 270 ($3.52) in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 39.90% from the company’s current price.
A number of other research analysts also recently commented on the company. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 250 ($3.26) price target on shares of Mitie Group PLC in a research note on Monday, July 25th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 240 ($3.13) price target on shares of Mitie Group PLC in a research note on Monday. Peel Hunt reaffirmed a “sell” rating and issued a GBX 254 ($3.32) price target on shares of Mitie Group PLC in a research note on Monday, May 23rd. Finally, Numis Securities Ltd reaffirmed a “reduce” rating and issued a GBX 245 ($3.20) price target on shares of Mitie Group PLC in a research note on Tuesday, May 24th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Mitie Group PLC currently has a consensus rating of “Hold” and an average price target of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 189.48 on Monday. The firm’s market capitalization is GBX 671.52 million. Mitie Group PLC has a 12 month low of GBX 187.00 and a 12 month high of GBX 341.00. The company has a 50 day moving average of GBX 259.40 and a 200-day moving average of GBX 263.45.
About Mitie Group PLC
Mitie Group PLC is a United Kingdom-based holding company that provides management services. Its activities are focused on the provision of strategic outsourcing services. It operates in the Republic of Ireland, the Isle of Man, Guernsey, Spain and Belgium, among others. It operates in four segments: facilities management, property management, healthcare and energy solutions.
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