Liberum Capital Reaffirms Buy Rating for Mitie Group plc (MTO)
A number of other analysts have also recently weighed in on the company. Jefferies Group LLC raised Mitie Group plc to a buy rating and boosted their price target for the stock from GBX 220 ($2.89) to GBX 290 ($3.81) in a research report on Monday, November 6th. Peel Hunt raised Mitie Group plc to a hold rating and boosted their price target for the stock from GBX 175 ($2.30) to GBX 253 ($3.33) in a research report on Thursday, July 27th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 300 ($3.95) price target on shares of Mitie Group plc in a research report on Thursday, July 27th. Finally, Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 225 ($2.96) price target on shares of Mitie Group plc in a research report on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 241 ($3.17).
Shares of Mitie Group plc (LON MTO) opened at GBX 210 ($2.76) on Monday. Mitie Group plc has a 12-month low of GBX 170 ($2.24) and a 12-month high of GBX 313.50 ($4.12).
Mitie Group plc (LON:MTO) last announced its quarterly earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 7 ($0.09) by GBX (1.80) (($0.02)). Mitie Group plc had a return on equity of 65.84% and a net margin of 4.99%. The company had revenue of £959.70 million during the quarter.
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Mitie Group plc Company Profile
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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