Liberum Capital Reiterates “Buy” Rating for Mitie Group PLC (MTO)
Mitie Group PLC (LON:MTO)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research report issued to clients and investors on Friday. They presently have a GBX 300 ($3.95) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 26.64% from the stock’s current price.
MTO has been the topic of several other reports. Jefferies Group LLC raised their target price on shares of Mitie Group PLC from GBX 175 ($2.30) to GBX 220 ($2.89) and gave the stock an “underperform” rating in a report on Friday, August 11th. Numis Securities Ltd restated a “reduce” rating and set a GBX 225 ($2.96) target price on shares of Mitie Group PLC in a report on Thursday, September 21st. Peel Hunt restated a “hold” rating and set a GBX 253 ($3.33) target price on shares of Mitie Group PLC in a report on Wednesday, September 20th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 300 ($3.95) target price on shares of Mitie Group PLC in a report on Thursday, July 27th. Four 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 company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 232 ($3.05).
Shares of Mitie Group PLC (LON:MTO) opened at GBX 236.90 ($3.12) on Friday. Mitie Group PLC has a fifty-two week low of GBX 165 ($2.17) and a fifty-two week high of GBX 313.50 ($4.12).
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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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