Mitie Group PLC (LON:MTO) was downgraded by investment analysts at Canaccord Genuity to a “hold” rating in a report issued on Monday. They presently have a GBX 195 ($2.44) price objective on the stock, down from their previous price objective of GBX 270 ($3.37). Canaccord Genuity’s price objective would suggest a potential downside of 2.99% from the company’s current price.

Several other research firms also recently issued reports on MTO. Societe Generale reiterated a “buy” rating and set a GBX 270 ($3.37) price target on shares of Mitie Group PLC in a research note on Monday, October 10th. Barclays PLC decreased their price target 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 note on Tuesday, September 20th. Citigroup Inc. decreased their price target on Mitie Group PLC from GBX 280 ($3.50) to GBX 210 ($2.62) and set a “neutral” rating for the company in a research note on Thursday, October 13th. Peel Hunt reiterated a “sell” rating and set a GBX 254 ($3.17) price target on shares of Mitie Group PLC in a research note on Monday, October 10th. Finally, Numis Securities Ltd reiterated a “reduce” rating and set a GBX 166 ($2.07) price target on shares of Mitie Group PLC in a research note on Tuesday, September 20th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 229.10 ($2.86).

Analyst Recommendations for Mitie Group PLC (LON:MTO)

Mitie Group PLC (LON:MTO) opened at 200.10 on Monday. Mitie Group PLC has a 52-week low of GBX 165.00 and a 52-week high of GBX 320.00. The company’s 50-day moving average price is GBX 206.77 and its 200-day moving average price is GBX 242.37. The firm’s market cap is GBX 709.15 million.

The company also recently declared a dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Thursday, December 15th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a yield of 2.11%.

In related news, insider Phillip Bentley bought 1,852,656 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was acquired at an average cost of GBX 194 ($2.42) per share, with a total value of £3,594,152.64 ($4,490,445.58).

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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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