Mitie Group PLC (MTO) Receives Average Recommendation of “Hold” from Brokerages
Shares of Mitie Group PLC (LON:MTO) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm. Four analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 209.63 ($2.60).
MTO has been the subject of a number of recent research reports. Royal Bank Of Canada cut shares of Mitie Group PLC to an “underperform” rating and lowered their price target for the company from GBX 195 ($2.42) to GBX 160 ($1.98) in a research report on Wednesday, November 16th. Barclays PLC lowered their price target on shares of Mitie Group PLC from GBX 250 ($3.10) to GBX 166 ($2.06) and set an “underweight” rating for the company in a research report on Tuesday, September 20th. Peel Hunt reissued a “sell” rating and set a GBX 254 ($3.15) price target on shares of Mitie Group PLC in a research report on Monday, October 10th. Societe Generale reissued a “buy” rating and set a GBX 270 ($3.35) price target on shares of Mitie Group PLC in a research report on Monday, October 10th. Finally, Liberum Capital restated a “hold” rating and set a GBX 240 ($2.98) price objective on shares of Mitie Group PLC in a research note on Monday, September 19th.
In other Mitie Group PLC news, insider Phillip Bentley acquired 1,852,656 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were bought at an average price of GBX 194 ($2.41) per share, with a total value of £3,594,152.64 ($4,458,693.26).
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Mitie Group PLC (LON:MTO) opened at 205.70 on Friday. Mitie Group PLC has a 52 week low of GBX 165.00 and a 52 week high of GBX 320.00. The company has a 50-day moving average of GBX 208.09 and a 200-day moving average of GBX 240.53. The company’s market capitalization is GBX 717.28 million.
The firm also recently disclosed a dividend, which will be paid on Wednesday, February 1st. Investors of record on Thursday, December 15th will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 2.11%. The ex-dividend date is Thursday, December 15th.
About Mitie Group PLC
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. It operates through the segments, including Soft FM, Hard FM, Property Management and Healthcare. Its Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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