Mitie Group PLC (MTO) Cut to “Sector Performer” at Royal Bank Of Canada
Royal Bank Of Canada downgraded shares of Mitie Group PLC (LON:MTO) to a sector performer rating in a report issued on Thursday. Royal Bank Of Canada currently has GBX 195 ($2.38) price objective on the stock, down from their previous price objective of GBX 310 ($3.78).
Other analysts have also issued research reports about the company. Societe Generale reaffirmed a buy rating and issued a GBX 270 ($3.29) target price on shares of Mitie Group PLC in a research note on Monday, October 10th. Canaccord Genuity cut their target price on Mitie Group PLC from GBX 300 ($3.66) to GBX 270 ($3.29) and set a buy rating for the company in a research note on Monday, September 19th. Liberum Capital reaffirmed a hold rating and issued a GBX 240 ($2.93) target price on shares of Mitie Group PLC in a research note on Monday, September 19th. Citigroup Inc. cut their target price on Mitie Group PLC from GBX 280 ($3.41) to GBX 210 ($2.56) and set a neutral rating for the company in a research note on Thursday, October 13th. Finally, Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 166 ($2.02) target price on shares of Mitie Group PLC in a research note on Tuesday, September 20th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 240.10 ($2.93).
Shares of Mitie Group PLC (LON:MTO) opened at 199.70 on Thursday. The company has a 50-day moving average of GBX 223.58 and a 200 day moving average of GBX 253.37. Mitie Group PLC has a 52-week low of GBX 178.00 and a 52-week high of GBX 341.00. The firm’s market cap is GBX 707.73 million.
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.
Receive News & Ratings for Mitie Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.