Mitie (MTO) Given Average Rating of “Buy” by Brokerages

Mitie (LON:MTO) has earned a consensus rating of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 219.86 ($2.98).

Several equities analysts have issued reports on MTO shares. Peel Hunt reiterated a “reduce” rating and issued a GBX 179 ($2.43) target price (down previously from GBX 205 ($2.78)) on shares of Mitie in a research note on Tuesday, January 23rd. Royal Bank of Canada upgraded Mitie to an “outperform” rating and cut their target price for the company from GBX 210 ($2.85) to GBX 200 ($2.71) in a research note on Thursday, April 12th. Barclays upgraded Mitie to an “overweight” rating and lifted their target price for the company from GBX 174 ($2.36) to GBX 180 ($2.44) in a research note on Friday, March 23rd. Numis Securities upgraded Mitie to a “hold” rating and set a GBX 150 ($2.03) target price on the stock in a research note on Monday, March 19th. Finally, Liberum Capital cut their target price on Mitie from GBX 270 ($3.66) to GBX 240 ($3.26) and set a “buy” rating on the stock in a research note on Friday, March 16th.

Shares of Mitie stock traded down GBX 2.50 ($0.03) during trading on Friday, hitting GBX 189.90 ($2.58). 1,261,580 shares of the stock traded hands, compared to its average volume of 1,050,000. Mitie has a 52-week low of GBX 147.90 ($2.01) and a 52-week high of GBX 313.50 ($4.25).

About Mitie

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services. It operates through three segments: Facilities Management, Property Management, and Healthcare. It offers cleaning and environmental services, such as pest control, landscaping, and gritting services; and integrated security products and services, such as security personnel, remote monitoring, mobile response solutions, and fire and security systems.

Analyst Recommendations for Mitie (LON:MTO)

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