The Citigroup Inc. Cuts Mitie Group PLC (MTO) Price Target to GBX 210

The Citigroup Inc. Cuts Mitie Group PLC (MTO) Price Target to GBX 210

Mitie Group PLC (LON:MTO) had its price target reduced by investment analysts at Citigroup Inc. from GBX 280 ($3.47) to GBX 210 ($2.60) in a report released on Thursday. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 1.74% from the company’s current price.

Other analysts also recently issued reports about the company. Societe Generale restated a “buy” rating and set a GBX 270 ($3.34) price objective on shares of Mitie Group PLC in a research report on Monday. Canaccord Genuity dropped their price objective on Mitie Group PLC from GBX 300 ($3.71) to GBX 270 ($3.34) and set a “buy” rating for the company in a research report on Monday, September 19th. Liberum Capital restated a “hold” rating and set a GBX 240 ($2.97) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Numis Securities Ltd restated a “reduce” rating and set a GBX 166 ($2.05) price objective on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Finally, Peel Hunt restated a “sell” rating and set a GBX 254 ($3.14) price objective on shares of Mitie Group PLC in a research report on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 251.60 ($3.11).

Mitie Group PLC (LON:MTO) opened at 206.40 on Thursday. The company’s market cap is GBX 731.48 million. Mitie Group PLC has a 12-month low of GBX 178.00 and a 12-month high of GBX 341.00. The stock’s 50 day moving average price is GBX 231.98 and its 200 day moving average price is GBX 254.59.

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