Mitie Group PLC (MTO) Announces Dividend of GBX 4
Mitie Group PLC (LON:MTO) announced a dividend on Monday, November 21st. Shareholders of record on Thursday, December 15th will be given a dividend of GBX 4 ($0.05) per share on Wednesday, February 1st. This represents a yield of 2.11%. The ex-dividend date is Thursday, December 15th. The official announcement can be viewed at this link.
Shares of Mitie Group PLC (LON:MTO) opened at 190.00 on Tuesday. Mitie Group PLC has a 52-week low of GBX 165.00 and a 52-week high of GBX 327.43. The firm’s 50-day moving average is GBX 206.93 and its 200-day moving average is GBX 242.86. The firm’s market cap is GBX 673.36 million.
A number of analysts have recently issued reports on MTO shares. Royal Bank Of Canada downgraded Mitie Group PLC to an “underperform” rating and dropped their price target for the company from GBX 195 ($2.44) to GBX 160 ($2.00) in a research report on Wednesday, November 16th. Barclays PLC dropped their target price on Mitie Group PLC from GBX 250 ($3.12) to GBX 166 ($2.07) and set an “underweight” rating for the company in a research report on Tuesday, September 20th. 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, October 10th. Societe Generale restated a “buy” rating and issued a GBX 270 ($3.37) target price on shares of Mitie Group PLC in a research report on Monday, October 10th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Mitie Group PLC has an average rating of “Hold” and a consensus price target of GBX 229.10 ($2.86).
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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