Trade Report: Today, Mitie Group PLC (MTO) Lowered by Canaccord Genuity

Today, Mitie Group PLC (MTO) Lowered by Canaccord Genuity

Canaccord Genuity cut shares of Mitie Group PLC (LON:MTO) to a hold rating in a research note released on Monday morning. The brokerage currently has GBX 195 ($2.44) price objective on the stock, down from their prior price objective of GBX 270 ($3.37).

A number of other research firms have also recently weighed in on MTO. Peel Hunt reaffirmed a sell rating and set a GBX 254 ($3.17) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Liberum Capital reaffirmed a hold rating and set a GBX 240 ($3.00) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Barclays PLC reaffirmed an underweight rating and set a GBX 250 ($3.12) price objective on shares of Mitie Group PLC in a research report on Monday, July 25th. Royal Bank Of Canada cut shares of Mitie Group PLC to an underperform rating and lowered their price objective for the stock from GBX 195 ($2.44) to GBX 160 ($2.00) in a research report on Wednesday, November 16th. Finally, Citigroup Inc. lowered their price objective on shares of Mitie Group PLC from GBX 280 ($3.50) to GBX 210 ($2.62) and set a neutral rating for the company in a research report on Thursday, October 13th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Mitie Group PLC has an average rating of Hold and an average price target of GBX 214.56 ($2.68).

Mitie Group PLC (LON:MTO) opened at 216.10 on Monday. The firm’s market capitalization is GBX 753.54 million. The stock’s 50 day moving average price is GBX 207.19 and its 200-day moving average price is GBX 241.65. Mitie Group PLC has a 12 month low of GBX 165.00 and a 12 month high of GBX 320.00.

The company also recently disclosed a dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Thursday, December 15th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, December 15th. This represents a dividend yield of 2.11%.

In other news, insider Phillip Bentley acquired 1,852,656 shares of Mitie Group PLC stock in a transaction dated Monday, November 21st. The shares were acquired at an average cost of GBX 194 ($2.42) per share, for a total transaction of £3,594,152.64 ($4,490,445.58).

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