Zacks Investment Research Downgrades MITIE GRP PLC/ADR (OTCMKTS:MITFY) to Hold

Zacks Investment Research downgraded shares of MITIE GRP PLC/ADR (OTCMKTS:MITFY) from a buy rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Mitie Group plc provides strategic outsourcing services. The company’s operating segment includes Soft FM, Hard FM, Property Management and Healthcare. Soft FM segment includes cleaning and environmental services, security, catering and front of house services. Hard FM segment includes technical, building maintenance and energy services. Property management segment provides repair and maintenance services in the social housing market. Healthcare segment provides care at home for people who need help and support due to illness, infirmity or disability. It operates primarily in the United Kingdom, the Republic of Ireland, Guernsey, Jersey, Germany, France, Finland, Norway, Sweden, the Netherlands, Spain, Poland, Switzerland, Belgium, Nigeria, Kenya, Ghana, the United Arab Emirates, and internationally. Mitie Group plc is headquartered in Bristol, the United Kingdom. “

Separately, ValuEngine cut shares of MITIE GRP PLC/ADR from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

Shares of OTCMKTS MITFY opened at $7.55 on Tuesday. MITIE GRP PLC/ADR has a 52-week low of $5.29 and a 52-week high of $8.29. The firm has a 50 day moving average price of $7.72 and a two-hundred day moving average price of $7.21.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, June 28th will be paid a $0.119 dividend. This is a positive change from MITIE GRP PLC/ADR’s previous Semi-Annual dividend of $0.06. The ex-dividend date is Thursday, June 27th.

About MITIE GRP PLC/ADR

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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