Mitie Group (MTO) Earns “Reduce” Rating from Peel Hunt
Peel Hunt restated their reduce rating on shares of Mitie Group (LON:MTO) in a research note released on Tuesday. The firm currently has a GBX 179 ($2.43) price objective on the stock, down from their prior price objective of GBX 205 ($2.78).
MTO has been the subject of several other reports. Liberum Capital dropped their price target on Mitie Group from GBX 300 ($4.07) to GBX 270 ($3.66) and set a buy rating for the company in a research note on Sunday, November 26th. Jefferies Group restated a buy rating and issued a GBX 290 ($3.93) price target on shares of Mitie Group in a research note on Tuesday, November 21st. Numis Securities restated a reduce rating and issued a GBX 175 ($2.37) price target on shares of Mitie Group in a research note on Friday, December 15th. Finally, Canaccord Genuity reiterated a buy rating and set a GBX 300 ($4.07) target price on shares of Mitie Group in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 237.33 ($3.22).
Mitie Group (LON MTO) traded down GBX 10.30 ($0.14) during mid-day trading on Tuesday, reaching GBX 174.70 ($2.37). The company’s stock had a trading volume of 1,991,537 shares, compared to its average volume of 995,929. Mitie Group has a 1-year low of GBX 172 ($2.33) and a 1-year high of GBX 313.50 ($4.25). The company has a market cap of $642.58 and a P/E ratio of -1,027.65.
The company also recently announced a dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Thursday, December 21st will be given a dividend of GBX 1.33 ($0.02) per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 0.66%.
In other news, insider Derek Mapp bought 40,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average cost of GBX 204 ($2.77) per share, for a total transaction of £81,600 ($110,659.07).
COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/mitie-group-mto-earns-reduce-rating-from-peel-hunt/1821878.html.
About Mitie Group
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.
Receive News & Ratings for Mitie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group and related companies with MarketBeat.com's FREE daily email newsletter.