Mitie Group (MTO) Given Buy Rating at Canaccord Genuity
Mitie Group (LON:MTO)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a research report issued on Wednesday. They presently have a GBX 300 ($3.91) price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 105.48% from the stock’s current price.
MTO has been the topic of several other research reports. Jefferies Financial Group reduced their price target on shares of Mitie Group from GBX 290 ($3.78) to GBX 260 ($3.39) and set a “buy” rating on the stock in a research report on Monday, August 6th. Peel Hunt reissued a “reduce” rating on shares of Mitie Group in a research report on Thursday, June 7th. Liberum Capital reissued a “buy” rating on shares of Mitie Group in a research report on Tuesday, June 26th. Numis Securities cut shares of Mitie Group to a “reduce” rating and increased their price target for the stock from GBX 150 ($1.95) to GBX 160 ($2.08) in a research report on Friday, June 8th. Finally, Stifel Nicolaus raised shares of Mitie Group to a “buy” rating and set a GBX 186 ($2.42) price target on the stock in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Mitie Group currently has an average rating of “Buy” and an average price target of GBX 213.13 ($2.78).
Shares of MTO opened at GBX 146 ($1.90) on Wednesday. Mitie Group has a 1 year low of GBX 147.90 ($1.93) and a 1 year high of GBX 313.50 ($4.08).
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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