Mitie Group PLC (MTO) Downgraded to Underperform at Royal Bank Of Canada
Mitie Group PLC (LON:MTO) was downgraded by stock analysts at Royal Bank Of Canada to an “underperform” rating in a report released on Wednesday. They currently have a GBX 160 ($2.00) price target on the stock, down from their prior price target of GBX 195 ($2.44). Royal Bank Of Canada’s price target points to a potential downside of 26.71% from the company’s current price.
A number of other equities analysts have also issued reports on MTO. Barclays PLC reissued an “underweight” rating and issued a GBX 250 ($3.12) price objective on shares of Mitie Group PLC in a report on Monday, July 25th. Liberum Capital restated a “hold” rating and issued a GBX 240 ($3.00) target price on shares of Mitie Group PLC in a research report on Monday, September 19th. Canaccord Genuity cut their target price on Mitie Group PLC from GBX 300 ($3.75) to GBX 270 ($3.37) and set a “buy” rating for the company in a research report on Monday, September 19th. Peel Hunt restated a “sell” rating and issued a GBX 254 ($3.17) target price on shares of Mitie Group PLC in a research report on Monday, September 19th. Finally, Numis Securities Ltd restated a “reduce” rating and issued a GBX 166 ($2.07) target price on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 236.60 ($2.96).
Shares of Mitie Group PLC (LON:MTO) opened at 211.80 on Wednesday. Mitie Group PLC has a 12-month low of GBX 178.00 and a 12-month high of GBX 333.70. The stock’s 50 day moving average price is GBX 204.29 and its 200 day moving average price is GBX 244.50. The firm’s market cap is GBX 750.62 million.
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. It operates through the segments, including Soft FM, Hard FM, Property Management and Healthcare. Its Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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