Today, Mitie Group PLC (MTO) Given Average Recommendation of “Hold” by Brokerages

Today, Mitie Group PLC (MTO) Given Average Recommendation of “Hold” by Brokerages
Shares of Mitie Group PLC (LON:MTO) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company. Four analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 209.63 ($2.62).

Several analysts recently commented on the stock. Numis Securities Ltd reiterated a “reduce” rating and issued a GBX 166 ($2.07) price target on shares of Mitie Group PLC in a research report on Tuesday. Canaccord Genuity downgraded shares of Mitie Group PLC to a “hold” rating and reduced their price target for the company from GBX 270 ($3.37) to GBX 195 ($2.44) in a research report on Monday. Peel Hunt reiterated a “sell” rating on shares of Mitie Group PLC in a research report on Monday. Royal Bank Of Canada downgraded shares of Mitie Group PLC to an “underperform” rating and reduced their price target for the company from GBX 195 ($2.44) to GBX 160 ($2.00) in a research report on Wednesday, November 16th. Finally, Citigroup Inc. reduced their price target 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.

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

Mitie Group PLC (LON:MTO) traded up 0.24% during midday trading on Friday, hitting GBX 208.40. 2,569,817 shares of the stock were exchanged. Mitie Group PLC has a one year low of GBX 165.00 and a one year high of GBX 320.00. The stock’s market cap is GBX 726.69 million. The firm has a 50-day moving average price of GBX 207.19 and a 200-day moving average price of GBX 241.65.

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