Mitie Group PLC (LON:MTO) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Mitie Group PLC (LON:MTO) have received an average rating of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 215 ($2.83).
MTO has been the subject of several analyst reports. Peel Hunt reiterated a “hold” rating on shares of Mitie Group in a report on Tuesday. UBS Group reiterated a “neutral” rating on shares of Mitie Group in a report on Thursday. Peel Hunt reiterated a “hold” rating and set a GBX 145 ($1.91) price objective on shares of Mitie Group in a report on Wednesday, September 11th. Canaccord Genuity reiterated a “buy” rating and set a GBX 285 ($3.75) price objective on shares of Mitie Group in a report on Tuesday, August 20th. Finally, Barclays reissued an “overweight” rating on shares of Mitie Group in a research report on Monday, October 7th.
Shares of MTO traded up GBX 10.10 ($0.13) during midday trading on Friday, hitting GBX 148.10 ($1.95). 370,446 shares of the company’s stock traded hands, compared to its average volume of 1,050,000. Mitie Group has a 1 year low of GBX 105.80 ($1.39) and a 1 year high of GBX 170.10 ($2.24). The firm’s fifty day moving average is GBX 142.03 and its 200-day moving average is GBX 150.77. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 926.10. The stock has a market capitalization of $541.96 million and a price-to-earnings ratio of 8.01.
About Mitie Group
Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.
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