Mitie Group (MTO) PT Lowered to GBX 270 at Liberum Capital
Mitie Group (LON:MTO) had its target price lowered by Liberum Capital from GBX 300 ($4.00) to GBX 270 ($3.60) in a report published on Sunday morning, StockTargetPrices.com reports. Liberum Capital currently has a buy rating on the stock.
MTO has been the subject of several other reports. Peel Hunt reaffirmed a hold rating and set a GBX 253 ($3.37) price target on shares of Mitie Group in a report on Tuesday, November 14th. Numis Securities reaffirmed a reduce rating and set a GBX 225 ($3.00) price target on shares of Mitie Group in a report on Thursday, September 21st. Jefferies Group increased their price target on Mitie Group from GBX 175 ($2.33) to GBX 220 ($2.93) and gave the stock an underperform rating in a report on Friday, August 11th. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 300 ($4.00) price target on shares of Mitie Group in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 237.25 ($3.16).
Shares of Mitie Group (LON MTO) opened at GBX 203.20 ($2.71) on Friday. Mitie Group has a fifty-two week low of GBX 170 ($2.27) and a fifty-two week high of GBX 313.50 ($4.18).
Mitie Group (LON:MTO) last issued its quarterly earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)). Mitie Group had a return on equity of 65.84% and a net margin of 4.99%. The company had revenue of £959.70 million for the quarter.
The firm also recently announced a dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Thursday, December 21st will be issued a GBX 1.33 ($0.02) dividend. This represents a yield of 0.66%. The ex-dividend date of this dividend is Thursday, December 21st.
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Mitie Group 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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