Mitie Group PLC (MTO) Given Average Recommendation of “Hold” by Brokerages
Mitie Group PLC (LON:MTO) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 209.63 ($2.62).
A number of equities research analysts recently weighed in on MTO shares. Societe Generale reiterated a “buy” rating and set a GBX 270 ($3.37) price objective on shares of Mitie Group PLC in a report on Monday, October 10th. Barclays PLC cut their target price on shares of Mitie Group PLC from GBX 250 ($3.12) to GBX 166 ($2.07) and set an “underweight” rating on the stock in a research report on Tuesday, September 20th. Citigroup Inc. cut their target price on shares of Mitie Group PLC from GBX 280 ($3.50) to GBX 210 ($2.62) and set a “neutral” rating on the stock in a research report on Thursday, October 13th. Peel Hunt reissued a “sell” rating and set a GBX 254 ($3.17) target price on shares of Mitie Group PLC in a research report on Monday, October 10th. Finally, Numis Securities Ltd reissued a “reduce” rating and set a GBX 166 ($2.07) target price on shares of Mitie Group PLC in a research report on Tuesday.
Shares of Mitie Group PLC (LON:MTO) traded up 0.24% on Friday, reaching GBX 208.40. 2,569,817 shares of the company were exchanged. Mitie Group PLC has a 52 week low of GBX 165.00 and a 52 week high of GBX 320.00. The firm’s 50 day moving average price is GBX 207.19 and its 200 day moving average price is GBX 241.65. The stock’s market capitalization is GBX 726.69 million.
The business also recently announced a dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Thursday, December 15th will be given a dividend of GBX 4 ($0.05) per share. This represents a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 15th.
In related news, insider Phillip Bentley bought 1,852,656 shares of the company’s stock in a transaction on Monday, November 21st. The shares were bought at an average price 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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