Mitie Group PLC’s (MTO) Reduce Rating Reaffirmed at Numis Securities Ltd
Several other equities analysts have also weighed in on the stock. Liberum Capital reaffirmed a buy rating and set a GBX 300 ($4.04) price objective on shares of Mitie Group PLC in a research report on Wednesday. Jefferies Group LLC raised their price objective on shares of Mitie Group PLC from GBX 175 ($2.36) to GBX 220 ($2.97) and gave the company an underperform rating in a research report on Friday, August 11th. Peel Hunt reaffirmed a hold rating and set a GBX 253 ($3.41) price objective on shares of Mitie Group PLC in a research report on Wednesday. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 300 ($4.04) price objective on shares of Mitie Group PLC in a research report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 228.80 ($3.08).
Mitie Group PLC (LON MTO) traded down 0.36% during midday trading on Thursday, reaching GBX 251.40. 797,273 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 267.82 and its 200 day moving average price is GBX 247.83. The stock’s market capitalization is GBX 889.70 million. Mitie Group PLC has a 52 week low of GBX 165.00 and a 52 week high of GBX 313.50.
In related news, insider Derek Mapp bought 100,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of GBX 267 ($3.60) per share, for a total transaction of £267,000 ($359,983.82).
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. 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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