Mitie Group PLC (LON:MTO) Receives Average Rating of “Buy” from Analysts

Shares of Mitie Group PLC (LON:MTO) have received a consensus rating of “Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 222.50 ($2.91).

Several analysts have recently issued reports on the stock. Numis Securities reiterated a “hold” rating on shares of Mitie Group in a research report on Friday, June 7th. Liberum Capital reiterated a “buy” rating on shares of Mitie Group in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating on shares of Mitie Group in a research report on Wednesday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a GBX 285 ($3.72) target price on shares of Mitie Group in a research report on Tuesday, July 30th. Finally, UBS Group lifted their target price on shares of Mitie Group from GBX 135 ($1.76) to GBX 160 ($2.09) and gave the company a “neutral” rating in a research report on Thursday, June 20th.

Shares of LON MTO traded down GBX 3.10 ($0.04) during trading on Monday, hitting GBX 161.90 ($2.12). The company had a trading volume of 198,107 shares, compared to its average volume of 1,050,000. The firm’s fifty day simple moving average is GBX 158.47. Mitie Group has a fifty-two week low of GBX 105.80 ($1.38) and a fifty-two week high of GBX 170.10 ($2.22). The firm has a market capitalization of $592.45 million and a price-to-earnings ratio of 19.05. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 134,150.00.

The firm also recently declared a dividend, which was paid on Friday, August 9th. Stockholders of record on Thursday, June 27th were paid a GBX 2.67 ($0.03) dividend. This is an increase from Mitie Group’s previous dividend of $1.33. This represents a dividend yield of 1.82%. The ex-dividend date was Thursday, June 27th. Mitie Group’s dividend payout ratio (DPR) is currently 0.47%.

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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