Liberum Capital Reiterates Buy Rating for Mitie Group PLC (MTO)

Mitie Group PLC (LON:MTO)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a note issued to investors on Wednesday. They presently have a GBX 300 ($4.04) price target on the stock. Liberum Capital’s price objective would indicate a potential upside of 16.14% from the company’s previous close.

MTO has been the topic of several other reports. Peel Hunt reissued a “sell” rating and set a GBX 175 ($2.36) price target on shares of Mitie Group PLC in a research note on Monday, June 12th. Jefferies Group LLC increased their price target on shares of Mitie Group PLC from GBX 175 ($2.36) to GBX 220 ($2.97) and gave the company an “underperform” rating in a research note on Friday, August 11th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 255 ($3.44) price target on shares of Mitie Group PLC in a research note on Tuesday, June 27th. Finally, Canaccord Genuity raised shares of Mitie Group PLC to a “buy” rating and increased their price target for the company from GBX 195 ($2.63) to GBX 300 ($4.04) in a research note on Wednesday, June 14th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 228.91 ($3.09).

Shares of Mitie Group PLC (MTO) opened at 259.10 on Wednesday. The firm’s market capitalization is GBX 916.95 million. The firm has a 50-day moving average price of GBX 267.82 and a 200-day moving average price of GBX 247.83. Mitie Group PLC has a 52-week low of GBX 165.00 and a 52-week high of GBX 313.50.

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In other Mitie Group PLC news, insider Derek Mapp acquired 100,000 shares of Mitie Group PLC stock in a transaction on Thursday, August 3rd. The shares were purchased at an average cost of GBX 267 ($3.60) per share, with a total value of £267,000 ($359,983.82).

Mitie Group PLC 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.

Analyst Recommendations for Mitie Group PLC (LON:MTO)

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