Mitie Group PLC (MTO) Receives GBX 237.33 Average Price Target from Brokerages

Shares of Mitie Group PLC (LON:MTO) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 237.33 ($3.33).

Several research firms have recently issued reports on MTO. Peel Hunt restated a “reduce” rating and issued a GBX 179 ($2.51) target price (down previously from GBX 205 ($2.88)) on shares of Mitie Group in a report on Tuesday, January 23rd. Canaccord Genuity restated a “buy” rating and issued a GBX 300 ($4.21) target price on shares of Mitie Group in a report on Friday, December 15th. Numis Securities restated a “reduce” rating and issued a GBX 175 ($2.46) target price on shares of Mitie Group in a report on Friday, December 15th. Liberum Capital restated a “buy” rating and issued a GBX 270 ($3.79) target price on shares of Mitie Group in a report on Tuesday, December 5th. Finally, Jefferies Group restated a “buy” rating and issued a GBX 290 ($4.07) target price on shares of Mitie Group in a report on Tuesday, November 21st.

Mitie Group (LON MTO) traded up GBX 3 ($0.04) during mid-day trading on Tuesday, reaching GBX 167.90 ($2.36). 1,945,366 shares of the company’s stock traded hands, compared to its average volume of 1,030,000. Mitie Group has a fifty-two week low of GBX 161.49 ($2.27) and a fifty-two week high of GBX 313.50 ($4.40). The company has a market capitalization of $614.41 and a price-to-earnings ratio of -987.65.

Mitie Group (LON:MTO) last released its quarterly earnings data on Monday, November 20th. The company reported GBX 5.20 ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7 ($0.10) by GBX (1.80) (($0.03)). Mitie Group had a net margin of 0.53% and a return on equity of 9.08%. The business had revenue of £959.70 million for the quarter.

The company also recently announced a dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Thursday, December 21st will be issued a GBX 1.33 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 0.66%.

In related news, insider Derek Mapp purchased 40,000 shares of Mitie Group stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average price of GBX 204 ($2.86) per share, with a total value of £81,600 ($114,590.65).

ILLEGAL ACTIVITY WARNING: “Mitie Group PLC (MTO) Receives GBX 237.33 Average Price Target from Brokerages” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/02/mitie-group-plc-mto-receives-gbx-237-33-average-price-target-from-brokerages.html.

About Mitie Group

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.

Analyst Recommendations for Mitie Group (LON:MTO)

Receive News & Ratings for Mitie Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply