Brokerages Set Mitie Group PLC (MTO) PT at $219.33
Mitie Group PLC (LON:MTO) has been given a consensus rating of “Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 219.33 ($2.87).
MTO has been the subject of several analyst reports. Liberum Capital reissued a “buy” rating on shares of Mitie Group in a research report on Tuesday, June 26th. UBS Group reissued a “neutral” rating on shares of Mitie Group in a research report on Wednesday, July 4th. Jefferies Financial Group decreased their price target on shares of Mitie Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “buy” rating for the company in a research report on Monday, August 6th. Stifel Nicolaus raised shares of Mitie Group to a “buy” rating and set a GBX 186 ($2.43) price target for the company in a research report on Monday, August 6th. Finally, Peel Hunt raised shares of Mitie Group to a “hold” rating in a research report on Wednesday, September 26th.
Shares of MTO stock traded up GBX 7.50 ($0.10) during mid-day trading on Tuesday, hitting GBX 156.40 ($2.04). 704,559 shares of the stock traded hands, compared to its average volume of 1,050,000. Mitie Group has a 52-week low of GBX 147.90 ($1.93) and a 52-week high of GBX 313.50 ($4.10).
Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.
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