Mitie Group (MTO) Receives “Buy” Rating from Liberum Capital

Mitie Group (LON:MTO)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 270 ($3.63) price target on the stock. Liberum Capital’s price target indicates a potential upside of 37.23% from the company’s previous close.

Other analysts have also issued reports about the company. Jefferies Group upgraded Mitie Group to a “buy” rating and boosted their target price for the company from GBX 220 ($2.96) to GBX 290 ($3.90) in a research note on Monday, November 6th. Canaccord Genuity restated a “buy” rating and issued a GBX 300 ($4.04) target price on shares of Mitie Group in a research note on Monday, November 20th. Peel Hunt restated a “hold” rating and issued a GBX 253 ($3.41) target price on shares of Mitie Group in a research note on Monday, November 20th. Finally, Numis Securities restated a “reduce” rating and issued a GBX 225 ($3.03) target price on shares of Mitie Group in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 237.25 ($3.19).

Shares of Mitie Group (LON:MTO) opened at GBX 196.75 ($2.65) on Tuesday. Mitie Group has a one year low of GBX 170 ($2.29) and a one year high of GBX 313.50 ($4.22).

Mitie Group (LON:MTO) last issued its earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)). The firm had revenue of £959.70 million during the quarter. Mitie Group had a net margin of 4.99% and a return on equity of 65.84%.

In related news, insider Derek Mapp purchased 40,000 shares of Mitie Group stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of GBX 204 ($2.75) per share, for a total transaction of £81,600 ($109,825.03).

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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)

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