Mitie Group PLC (MTO) Given “Sell” Rating at Peel Hunt
Mitie Group PLC (LON:MTO)‘s stock had its “sell” rating reiterated by analysts at Peel Hunt in a research report issued on Monday. They currently have a GBX 254 ($3.32) price target on the stock. Peel Hunt’s price target points to a potential upside of 30.39% from the company’s current price.
Several other research analysts have also issued reports on MTO. Canaccord Genuity cut their target price on shares of Mitie Group PLC from GBX 300 ($3.92) to GBX 270 ($3.52) and set a “buy” rating for the company in a research report on Monday, September 19th. Barclays PLC cut their target price on shares of Mitie Group PLC from GBX 275 ($3.59) to GBX 250 ($3.26) and set an “underweight” rating for the company in a research report on Monday, June 20th. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 166 ($2.17) target price on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 240 ($3.13) target price on shares of Mitie Group PLC in a research report on Monday, September 19th. Three 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 stock. The company has an average rating of “Hold” and an average target price of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 194.80 on Monday. The firm’s market capitalization is GBX 690.37 million. The stock has a 50 day moving average price of GBX 236.37 and a 200 day moving average price of GBX 255.74. Mitie Group PLC has a 52 week low of GBX 178.00 and a 52 week high of GBX 341.00.
Mitie Group PLC Company Profile
Mitie Group PLC is a United Kingdom-based holding company that provides management services. Its activities are focused on the provision of strategic outsourcing services. It operates in the Republic of Ireland, the Isle of Man, Guernsey, Spain and Belgium, among others. It operates in four segments: facilities management, property management, healthcare and energy solutions.
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