Royal Bank Of Canada Lowers Mitie Group (LON:MTO) Price Target to GBX 200

Mitie Group (LON:MTO) had its price target decreased by equities research analysts at Royal Bank Of Canada from GBX 205 to GBX 200 in a research note issued to investors on Friday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 16.65% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of Mitie Group in a report on Friday, April 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 187.20.

Mitie Group Stock Up 0.7%

MTO stock opened at GBX 171.45 on Friday. Mitie Group has a 1-year low of GBX 134.60 and a 1-year high of GBX 188.10. The business has a fifty day moving average price of GBX 175.12 and a 200-day moving average price of GBX 171.22. The company has a debt-to-equity ratio of 120.44, a current ratio of 0.94 and a quick ratio of 0.83. The stock has a market capitalization of £2.16 billion, a P/E ratio of 23.49, a P/E/G ratio of 10.10 and a beta of 0.87.

Mitie Group (LON:MTO) last posted its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 earnings per share for the quarter. Mitie Group had a return on equity of 20.41% and a net margin of 1.79%.The firm had revenue of GBX 561.86 billion during the quarter. Equities analysts forecast that Mitie Group will post 10.9360519 earnings per share for the current fiscal year.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.