Mitie Group PLC (LON:MTO) PT Raised to GBX 220
Mitie Group PLC (LON:MTO) had its target price upped by Jefferies Group LLC from GBX 175 ($2.28) to GBX 220 ($2.86) in a note issued to investors on Friday. The firm currently has an “underperform” rating on the stock. Jefferies Group LLC’s price target would indicate a potential downside of 17.51% from the stock’s current price.
A number of other brokerages have also weighed in on MTO. Liberum Capital reissued a “hold” rating and set a GBX 300 ($3.91) price target on shares of Mitie Group PLC in a research note on Thursday, July 6th. Canaccord Genuity reissued a “buy” rating and set a GBX 300 ($3.91) price target on shares of Mitie Group PLC in a research note on Thursday, July 27th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 255 ($3.32) price target on shares of Mitie Group PLC in a research note on Tuesday, June 27th. Finally, Peel Hunt raised Mitie Group PLC to a “hold” rating and increased their price target for the stock from GBX 175 ($2.28) to GBX 253 ($3.29) in a research note on Thursday, July 27th. Five analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 228.91 ($2.98).
Shares of Mitie Group PLC (LON:MTO) opened at 266.10 on Friday. The firm’s 50-day moving average price is GBX 273.46 and its 200 day moving average price is GBX 234.59. Mitie Group PLC has a 1-year low of GBX 165.00 and a 1-year high of GBX 313.30. The firm’s market cap is GBX 941.73 million.
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In related news, insider Derek Mapp purchased 100,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of GBX 267 ($3.48) per share, for a total transaction of £267,000 ($347,701.52).
Mitie Group PLC Company Profile
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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