Mitie Group PLC (MTO) Receives GBX 206.83 Consensus Price Target from Analysts

Mitie Group PLC (LON:MTO) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 206.83 ($2.70).

Several brokerages recently commented on MTO. UBS Group reduced their target price on Mitie Group from GBX 160 ($2.09) to GBX 135 ($1.76) and set a “neutral” rating on the stock in a report on Wednesday, February 27th. Peel Hunt reiterated a “hold” rating on shares of Mitie Group in a report on Tuesday, February 19th. Liberum Capital reiterated a “buy” rating on shares of Mitie Group in a report on Wednesday, November 28th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 300 ($3.92) target price on shares of Mitie Group in a report on Monday, November 19th.

In related news, insider Mary Reilly bought 11,708 shares of Mitie Group stock in a transaction that occurred on Monday, December 17th. The shares were acquired at an average cost of GBX 129 ($1.69) per share, for a total transaction of £15,103.32 ($19,735.16).

Shares of LON:MTO traded down GBX 1.70 ($0.02) during midday trading on Friday, hitting GBX 146.40 ($1.91). 870,572 shares of the stock were exchanged, compared to its average volume of 1,050,000. The stock has a market cap of $534.75 million and a P/E ratio of -146.40. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 134,150.00. Mitie Group has a 12 month low of GBX 105.80 ($1.38) and a 12 month high of GBX 211 ($2.76).

About Mitie Group

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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