Mitie Group (MTO) Receives Buy Rating from Canaccord Genuity
Mitie Group (LON:MTO)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research note issued to investors on Monday. They currently have a GBX 300 ($3.92) price objective on the stock. Canaccord Genuity’s target price points to a potential upside of 94.43% from the stock’s current price.
Other analysts have also issued research reports about the stock. Peel Hunt raised shares of Mitie Group to a “hold” rating in a report on Wednesday, September 26th. Stifel Nicolaus raised shares of Mitie Group to a “buy” rating and set a GBX 186 ($2.43) price target for the company in a report on Monday, August 6th. Liberum Capital reissued a “buy” rating on shares of Mitie Group in a report on Wednesday, September 26th. Jefferies Financial Group reduced their price objective on shares of Mitie Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “buy” rating on the stock in a research note on Monday, August 6th. Finally, Barclays reaffirmed an “overweight” rating on shares of Mitie Group in a research note on Friday, October 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 205.38 ($2.68).
Shares of Mitie Group stock opened at GBX 154.30 ($2.02) on Monday. Mitie Group has a fifty-two week low of GBX 147.90 ($1.93) and a fifty-two week high of GBX 313.50 ($4.10).
Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.
Read More: What is a Reverse Stock Split?
Receive News & Ratings for Mitie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group and related companies with MarketBeat.com's FREE daily email newsletter.