Mitie Group (MTO) PT Lowered to GBX 205 at Peel Hunt
Mitie Group (LON:MTO) had its target price reduced by Peel Hunt from GBX 253 ($3.41) to GBX 205 ($2.76) in a research note issued to investors on Tuesday. Peel Hunt currently has a hold rating on the stock.
Other research analysts have also issued reports about the company. Liberum Capital reissued a buy rating and issued a GBX 270 ($3.63) price objective on shares of Mitie Group in a research report on Tuesday, December 5th. Jefferies Group reissued a buy rating and issued a GBX 290 ($3.90) price objective on shares of Mitie Group in a research report on Tuesday, November 21st. Canaccord Genuity reissued a buy rating and issued a GBX 300 ($4.04) price objective on shares of Mitie Group in a research report on Monday, November 20th. Finally, Numis Securities reissued a reduce rating and issued a GBX 175 ($2.36) price objective on shares of Mitie Group in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 232 ($3.12).
Mitie Group (LON:MTO) opened at GBX 190.70 ($2.57) on Tuesday. Mitie Group has a fifty-two week low of GBX 170 ($2.29) and a fifty-two week high of GBX 313.50 ($4.22). The firm has a market capitalization of $691.60 and a price-to-earnings ratio of -1,121.76.
Mitie Group (LON:MTO) last issued its earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)). Mitie Group had a net margin of 0.53% and a return on equity of 9.08%. The firm had revenue of £959.70 million during the quarter.
The firm 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. This represents a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, December 21st.
In other Mitie Group news, insider Derek Mapp bought 40,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average cost of GBX 204 ($2.75) per share, with a total value of £81,600 ($109,825.03).
Mitie Group 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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