Royal Bank Of Canada Downgrades Mitie Group PLC (MTO) to Sector Performer
Mitie Group PLC (LON:MTO) was downgraded by investment analysts at Royal Bank Of Canada to a “sector performer” rating in a report issued on Thursday. They currently have a GBX 195 ($2.41) price target on the stock, down from their previous price target of GBX 310 ($3.84). Royal Bank Of Canada’s price target suggests a potential downside of 5.52% from the stock’s current price.
Several other research firms have also commented on MTO. Peel Hunt restated a “sell” rating and set a GBX 254 ($3.14) price target on shares of Mitie Group PLC in a research report on Monday, September 19th. Liberum Capital restated a “hold” rating and set a GBX 240 ($2.97) price target on shares of Mitie Group PLC in a research report on Monday, September 19th. Canaccord Genuity lowered their price target on shares of Mitie Group PLC from GBX 300 ($3.71) to GBX 270 ($3.34) and set a “buy” rating for the company in a research report on Monday, September 19th. Barclays PLC lowered their price target on shares of Mitie Group PLC from GBX 275 ($3.40) to GBX 250 ($3.09) and set an “underweight” rating for the company in a research report on Monday, June 20th. Finally, Citigroup Inc. lowered their price target on shares of Mitie Group PLC from GBX 280 ($3.47) to GBX 210 ($2.60) and set a “neutral” rating for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 240.10 ($2.97).
Shares of Mitie Group PLC (LON:MTO) opened at 200.50 on Thursday. The stock’s market cap is GBX 710.57 million. The stock has a 50 day moving average of GBX 231.98 and a 200 day moving average of GBX 254.59. Mitie Group PLC has a one year low of GBX 178.00 and a one year high of GBX 341.00.
About Mitie Group PLC
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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