Canaccord Genuity Trims Mitie Group PLC (MTO) Target Price to GBX 270
Mitie Group PLC (LON:MTO) had its price target reduced by Canaccord Genuity from GBX 300 ($3.92) to GBX 270 ($3.52) in a research note published on Monday. Canaccord Genuity currently has a buy rating on the stock.
Several other equities research analysts also recently commented on MTO. Liberum Capital reissued a hold rating and issued a GBX 240 ($3.13) target price on shares of Mitie Group PLC in a report on Monday. Barclays PLC reissued an underweight rating and issued a GBX 250 ($3.26) target price on shares of Mitie Group PLC in a report on Monday, July 25th. Numis Securities Ltd reissued a reduce rating and issued a GBX 245 ($3.20) target price on shares of Mitie Group PLC in a report on Tuesday, May 24th. Finally, Peel Hunt reissued a sell rating and issued a GBX 254 ($3.32) target price on shares of Mitie Group PLC in a report on Monday, May 23rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 254.50 ($3.32).
Shares of Mitie Group PLC (LON:MTO) opened at 187.00 on Monday. The stock’s market cap is GBX 662.73 million. The company has a 50-day moving average price of GBX 257.48 and a 200 day moving average price of GBX 262.64. Mitie Group PLC has a one year low of GBX 184.40 and a one year high of GBX 341.00.
Mitie Group PLC Company Profile
Mitie Group PLC is a United Kingdom-based holding company that provides management services. Its activities are focused on the provision of strategic outsourcing services. It operates in the Republic of Ireland, the Isle of Man, Guernsey, Spain and Belgium, among others. It operates in four segments: facilities management, property management, healthcare and energy solutions.
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