MITIE GRP PLC/ADR (OTCMKTS:MITFY) Upgraded by Zacks Investment Research to “Buy”

MITIE GRP PLC/ADR (OTCMKTS:MITFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, reports. The firm presently has a $7.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 5.90% from the stock’s current price.

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 upgraded shares of MITIE GRP PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday.

OTCMKTS:MITFY opened at $6.61 on Wednesday. The firm’s 50-day moving average price is $7.53 and its 200-day moving average price is $7.50. The company has a market capitalization of $612.94 million, a PE ratio of 7.51, a P/E/G ratio of 1.44 and a beta of 0.76. MITIE GRP PLC/ADR has a 1-year low of $5.29 and a 1-year high of $8.60.

MITIE GRP PLC/ADR 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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