Citigroup Inc. Cuts Mitie Group PLC (MTO) Price Target to GBX 210
Mitie Group PLC (LON:MTO) had its price objective lowered by Citigroup Inc. from GBX 280 ($3.41) to GBX 210 ($2.56) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the stock.
Other analysts have also issued reports about the company. Societe Generale reaffirmed a buy rating and issued a GBX 270 ($3.29) price target on shares of Mitie Group PLC in a research note on Monday, October 10th. Canaccord Genuity reduced their price objective on Mitie Group PLC from GBX 300 ($3.66) to GBX 270 ($3.29) and set a buy rating on the stock in a research report on Monday, September 19th. Liberum Capital reiterated a hold rating and set a GBX 240 ($2.93) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Numis Securities Ltd reiterated a reduce rating and set a GBX 166 ($2.02) price objective on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Finally, Peel Hunt reiterated a sell rating and set a GBX 254 ($3.10) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Mitie Group PLC presently has an average rating of Hold and an average price target of GBX 240.10 ($2.93).
Mitie Group PLC (LON:MTO) opened at 199.70 on Thursday. The company’s market cap is GBX 707.73 million. Mitie Group PLC has a 52-week low of GBX 178.00 and a 52-week high of GBX 341.00. The stock’s 50 day moving average price is GBX 223.58 and its 200-day moving average price is GBX 253.37.
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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