Peel Hunt Reaffirms Hold Rating for Mitie Group PLC (MTO)
Mitie Group PLC (LON:MTO)‘s stock had its “hold” rating reiterated by investment analysts at Peel Hunt in a research note issued to investors on Wednesday. They currently have a GBX 253 ($3.41) target price on the stock. Peel Hunt’s target price points to a potential downside of 2.05% from the company’s current price.
MTO has been the subject of a number of other research reports. Liberum Capital raised shares of Mitie Group PLC to a “buy” rating and set a GBX 300 ($4.04) target price for the company in a research report on Thursday, July 27th. Jefferies Group LLC increased their target price on shares of Mitie Group PLC from GBX 175 ($2.36) to GBX 220 ($2.97) and gave the company an “underperform” rating in a research report on Friday, August 11th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 255 ($3.44) target price on shares of Mitie Group PLC in a research report on Tuesday, June 27th. Finally, Canaccord Genuity raised shares of Mitie Group PLC to a “buy” rating and increased their target price for the company from GBX 195 ($2.63) to GBX 300 ($4.04) in a research report on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 228.91 ($3.09).
Mitie Group PLC (MTO) opened at 249.40 on Wednesday. The company’s market cap is GBX 882.62 million. The firm has a 50-day moving average of GBX 267.82 and a 200-day moving average of GBX 247.83. Mitie Group PLC has a 52 week low of GBX 165.00 and a 52 week high of GBX 313.50.
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In related news, insider Derek Mapp acquired 100,000 shares of Mitie Group PLC stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of GBX 267 ($3.60) per share, with a total value of £267,000 ($359,983.82).
About Mitie Group PLC
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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