Mitie Group PLC (MTO) Stock Rating Reaffirmed by Numis Securities Ltd
Mitie Group PLC (LON:MTO)‘s stock had its “reduce” rating reissued by Numis Securities Ltd in a research note issued to investors on Tuesday. They currently have a GBX 166 ($2.17) price objective on the stock. Numis Securities Ltd’s price target indicates a potential downside of 11.42% from the company’s previous close.
MTO has been the subject of a number of other research reports. Barclays PLC reissued an “underweight” rating and issued a GBX 250 ($3.26) target price on shares of Mitie Group PLC in a research report on Monday, July 25th. Liberum Capital reissued a “hold” rating and issued a GBX 240 ($3.13) target price on shares of Mitie Group PLC in a research report on Monday. Canaccord Genuity reissued a “buy” rating and issued a GBX 300 ($3.92) target price on shares of Mitie Group PLC in a research report on Monday, May 23rd. Finally, Peel Hunt reissued a “sell” rating and issued a GBX 254 ($3.32) target price on shares of Mitie Group PLC in a research report on Monday, May 23rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 187.00 on Tuesday. The firm’s market cap is GBX 662.73 million. The firm has a 50-day moving average of GBX 257.48 and a 200 day moving average of GBX 262.64. Mitie Group PLC has a 52-week low of GBX 184.40 and a 52-week high of GBX 341.00.
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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