Mitie Group PLC (LON:MTO) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 237.33 ($3.28).
Several research firms have issued reports on MTO. Liberum Capital restated a “buy” rating and set a GBX 300 ($4.14) target price on shares of Mitie Group in a research report on Friday, November 10th. Jefferies Group upgraded Mitie Group to a “buy” rating and increased their target price for the stock from GBX 220 ($3.04) to GBX 290 ($4.01) in a research report on Monday, November 6th. Canaccord Genuity restated a “buy” rating and set a GBX 300 ($4.14) target price on shares of Mitie Group in a research report on Monday, November 20th. Finally, Peel Hunt restated a “hold” rating and set a GBX 253 ($3.50) target price on shares of Mitie Group in a research report on Monday, November 20th.
In related news, insider Derek Mapp bought 40,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were purchased at an average price of GBX 204 ($2.82) per share, for a total transaction of £81,600 ($112,738.33).
Shares of Mitie Group (LON MTO) traded up GBX 2 ($0.03) during midday trading on Friday, reaching GBX 158.50 ($2.19). The company’s stock had a trading volume of 787,685 shares, compared to its average volume of 1,300,000. Mitie Group has a 1-year low of GBX 148.75 ($2.06) and a 1-year high of GBX 313.50 ($4.33). The company has a market capitalization of $580.01 and a price-to-earnings ratio of -932.35.
Mitie Group Company Profile
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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