Brokerages Set Mitie Group PLC (MTO) Target Price at $181.20
Mitie Group PLC (LON:MTO) has been given an average rating of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 181.20 ($2.37).
Several research analysts recently commented on MTO shares. Liberum Capital reiterated a “buy” rating on shares of Mitie Group in a research note on Thursday, March 28th. Peel Hunt reiterated a “hold” rating on shares of Mitie Group in a research note on Monday, March 18th. UBS Group reduced their price objective on shares of Mitie Group from GBX 160 ($2.09) to GBX 135 ($1.76) and set a “neutral” rating for the company in a research note on Wednesday, February 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Mitie Group in a research note on Tuesday, April 9th.
LON MTO opened at GBX 133.10 ($1.74) on Wednesday. The company has a debt-to-equity ratio of 134,150.00, a current ratio of 0.90 and a quick ratio of 0.77. The company has a market cap of $480.58 million and a P/E ratio of -133.10. Mitie Group has a 52 week low of GBX 105.80 ($1.38) and a 52 week high of GBX 211 ($2.76).
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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