Numis Securities Ltd Reiterates “Reduce” Rating for Mitie Group PLC (MTO)
Mitie Group PLC (LON:MTO)‘s stock had its “reduce” rating reiterated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 166 ($2.07) target price on the stock. Numis Securities Ltd’s target price would indicate a potential downside of 12.63% from the company’s current price.
Several other equities research analysts have also issued reports on MTO. Barclays PLC reiterated an “underweight” rating and issued a GBX 250 ($3.12) price target on shares of Mitie Group PLC in a research note on Monday, July 25th. Liberum Capital reiterated a “hold” rating and issued a GBX 240 ($3.00) price target on shares of Mitie Group PLC in a research note on Monday, September 19th. Canaccord Genuity lowered their price target on shares of Mitie Group PLC from GBX 300 ($3.75) to GBX 270 ($3.37) and set a “buy” rating on the stock in a research note on Monday, September 19th. Peel Hunt reiterated a “sell” rating and issued a GBX 254 ($3.17) price target on shares of Mitie Group PLC in a research note on Monday, September 19th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 270 ($3.37) price target on shares of Mitie Group PLC in a research note on Monday, October 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 229.10 ($2.86).
Mitie Group PLC (LON:MTO) opened at 203.00 on Tuesday. The firm’s market cap is GBX 719.43 million. Mitie Group PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 327.43. The stock’s 50 day moving average is GBX 206.93 and its 200-day moving average is GBX 242.86.
The business also recently announced a dividend, which will be paid on Wednesday, February 1st. Investors of record on Thursday, December 15th will be issued a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 15th.
Mitie Group PLC Company Profile
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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