Mitie Group PLC (LON:MTO) Price Target Raised to GBX 220 at Jefferies Group LLC
Mitie Group PLC (LON:MTO) had its target price lifted by Jefferies Group LLC from GBX 175 ($2.28) to GBX 220 ($2.86) in a research report sent to investors on Friday, MarketBeat.com reports. Jefferies Group LLC currently has an underperform rating on the stock.
Several other brokerages have also commented on MTO. Liberum Capital reaffirmed a hold rating and issued a GBX 300 ($3.91) price target on shares of Mitie Group PLC in a research note on Thursday, July 6th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 300 ($3.91) price target on shares of Mitie Group PLC in a research note on Thursday, July 27th. Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 255 ($3.32) price target on shares of Mitie Group PLC in a research note on Tuesday, June 27th. Finally, Peel Hunt raised Mitie Group PLC to a hold rating and boosted their price target for the company from GBX 175 ($2.28) to GBX 253 ($3.29) in a research note on Thursday, July 27th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Mitie Group PLC currently has a consensus rating of Hold and a consensus target price of GBX 228.91 ($2.98).
Shares of Mitie Group PLC (LON:MTO) opened at 264.60 on Friday. The firm has a 50-day moving average price of GBX 272.33 and a 200 day moving average price of GBX 235.01. Mitie Group PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 313.50. The firm’s market capitalization is GBX 936.42 million.
In other Mitie Group PLC news, insider Derek Mapp acquired 100,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average price of GBX 267 ($3.48) per share, for a total transaction of £267,000 ($347,701.52).
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. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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