Mitie Group PLC (MTO) Price Target Cut to GBX 210 by Analysts at Citigroup Inc.
Mitie Group PLC (LON:MTO) had its price objective reduced by Citigroup Inc. from GBX 280 ($3.47) to GBX 210 ($2.60) in a research note published on Thursday morning. They currently have a neutral rating on the stock.
Other equities analysts have also recently issued research reports about the company. Societe Generale reissued a buy rating and set a GBX 270 ($3.34) target price on shares of Mitie Group PLC in a report on Monday. Barclays PLC reduced their target price on Mitie Group PLC from GBX 250 ($3.09) to GBX 166 ($2.05) and set an underweight rating for the company in a report on Tuesday, September 20th. Peel Hunt reissued a sell rating and set a GBX 254 ($3.14) target price on shares of Mitie Group PLC in a report on Monday. Numis Securities Ltd reissued a reduce rating and set a GBX 166 ($2.05) target price on shares of Mitie Group PLC in a report on Tuesday, September 20th. Finally, Canaccord Genuity reduced their target price on Mitie Group PLC from GBX 300 ($3.71) to GBX 270 ($3.34) and set a buy rating for the company in a report on Monday, September 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Mitie Group PLC currently has an average rating of Hold and an average target price of GBX 240.10 ($2.97).
Mitie Group PLC (LON:MTO) traded down 0.70% during mid-day trading on Thursday, reaching GBX 198.40. The company’s stock had a trading volume of 677,712 shares. Mitie Group PLC has a 12-month low of GBX 178.00 and a 12-month high of GBX 341.00. The firm’s 50 day moving average is GBX 228.93 and its 200-day moving average is GBX 254.10. The company’s market cap is GBX 703.13 million.
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.
Receive News & Stock Ratings for Mitie Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group PLC and related stocks with our FREE daily email newsletter.