Mitie Group PLC (MTO) Receives Consensus Recommendation of “Buy” from Analysts

Mitie Group PLC (LON:MTO) has been assigned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 209 ($2.73).

A number of research firms have recently weighed in on MTO. Stifel Nicolaus upgraded Mitie Group to a “buy” rating and set a GBX 186 ($2.43) target price for the company in a research report on Monday, August 6th. Liberum Capital restated a “buy” rating on shares of Mitie Group in a research report on Wednesday, September 26th. Jefferies Financial Group dropped their target price on Mitie Group from GBX 290 ($3.79) to GBX 260 ($3.40) and set a “buy” rating for the company in a research report on Monday, August 6th. Peel Hunt dropped their target price on Mitie Group from GBX 165 ($2.16) to GBX 147 ($1.92) and set a “hold” rating for the company in a research report on Wednesday, October 31st. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 300 ($3.92) target price on shares of Mitie Group in a research report on Monday, October 8th.

Shares of MTO stock traded up GBX 0.50 ($0.01) on Friday, reaching GBX 145 ($1.89). 768,948 shares of the stock were exchanged, compared to its average volume of 1,050,000. Mitie Group has a one year low of GBX 147.90 ($1.93) and a one year high of GBX 313.50 ($4.10).

Mitie Group Company Profile

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.

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Analyst Recommendations for Mitie Group (LON:MTO)

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