Mitie Group PLC (MTO) Rating Reiterated by Liberum Capital
Mitie Group PLC (LON:MTO)‘s stock had its “hold” rating reiterated by research analysts at Liberum Capital in a note issued to investors on Monday. They currently have a GBX 240 ($3.13) price objective on the stock. Liberum Capital’s target price would indicate a potential upside of 24.35% from the stock’s previous close.
A number of other brokerages also recently commented on MTO. Numis Securities Ltd reiterated a “reduce” rating and set a GBX 245 ($3.20) target price on shares of Mitie Group PLC in a research note on Tuesday, May 24th. Canaccord Genuity restated a “buy” rating and issued a GBX 300 ($3.92) price objective on shares of Mitie Group PLC in a research note on Monday, May 23rd. Peel Hunt restated a “sell” rating and issued a GBX 254 ($3.32) price objective on shares of Mitie Group PLC in a research note on Monday, May 23rd. Finally, Barclays PLC decreased their price objective on shares of Mitie Group PLC from GBX 275 ($3.59) to GBX 250 ($3.26) and set an “underweight” rating for the company in a research note on Monday, June 20th. Three investment 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’s stock. The company has an average rating of “Hold” and an average target price of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 189.48 on Monday. Mitie Group PLC has a 52-week low of GBX 187.00 and a 52-week high of GBX 341.00. The firm’s market capitalization is GBX 671.52 million. The stock’s 50 day moving average price is GBX 259.40 and its 200-day moving average price is GBX 263.45.
Mitie Group PLC Company Profile
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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