Trading Report: The Mitie Group PLC (MTO) Given “Buy” Rating at Societe Generale

The Mitie Group PLC (MTO) Given “Buy” Rating at Societe Generale

Societe Generale reaffirmed their buy rating on shares of Mitie Group PLC (LON:MTO) in a report published on Monday morning. The brokerage currently has a GBX 270 ($3.34) price objective on the stock.

A number of other research firms also recently weighed in on MTO. Barclays PLC decreased their price target on shares of Mitie Group PLC from GBX 250 ($3.09) to GBX 166 ($2.05) and set an underweight rating for the company in a research report on Tuesday, September 20th. Peel Hunt restated a sell rating and set a GBX 254 ($3.14) price objective on shares of Mitie Group PLC in a research note on Monday. 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 note on Tuesday, September 20th. Canaccord Genuity reduced their price objective on Mitie Group PLC from GBX 300 ($3.71) to GBX 270 ($3.34) and set a buy rating on the stock in a research note on Monday, September 19th. Finally, Liberum Capital restated a hold rating and set a GBX 240 ($2.97) price objective on shares of Mitie Group PLC in a research note on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 240.10 ($2.97).

Mitie Group PLC (LON:MTO) opened at 199.70 on Monday. The firm’s market capitalization is GBX 707.73 million. Mitie Group PLC has a 1-year low of GBX 178.00 and a 1-year high of GBX 341.00. The stock’s 50 day moving average is GBX 228.93 and its 200-day moving average is GBX 254.10.

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