Mitie Group PLC (MTO) PT Lowered to GBX 166
Mitie Group PLC (LON:MTO) had its price target dropped by analysts at Barclays PLC from GBX 250 ($3.26) to GBX 166 ($2.17) in a research note issued on Tuesday. The brokerage presently has an “underweight” rating on the stock. Barclays PLC’s target price points to a potential downside of 11.42% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Numis Securities Ltd reissued a “reduce” rating and issued a GBX 245 ($3.20) price objective on shares of Mitie Group PLC in a research note on Tuesday, May 24th. Liberum Capital reissued a “hold” rating and issued a GBX 240 ($3.13) price objective on shares of Mitie Group PLC in a research note on Monday. Canaccord Genuity reissued a “buy” rating and issued a GBX 300 ($3.92) price objective on shares of Mitie Group PLC in a research note on Monday, May 23rd. Finally, Peel Hunt reissued a “sell” rating and issued a GBX 254 ($3.32) price objective on shares of Mitie Group PLC in a research note on Monday, May 23rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 254.50 ($3.32).
Mitie Group PLC (LON:MTO) opened at 187.30 on Tuesday. The firm has a 50-day moving average price of GBX 257.48 and a 200 day moving average price of GBX 262.64. The firm’s market cap is GBX 663.79 million. Mitie Group PLC has a 12-month low of GBX 184.40 and a 12-month 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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