Mitie Group PLC (LON:MTO) had its price target reduced by Barclays PLC from GBX 250 ($3.26) to GBX 166 ($2.17) in a research report sent to investors on Tuesday. They currently have an underweight rating on the stock.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity decreased their target price on shares of Mitie Group PLC from GBX 300 ($3.92) to GBX 270 ($3.52) and set a buy rating for the company in a research report on Monday. Liberum Capital reiterated a hold rating and issued a GBX 240 ($3.13) target price on shares of Mitie Group PLC in a research report on Monday. Numis Securities Ltd reissued a reduce rating and issued a GBX 245 ($3.20) price target on shares of Mitie Group PLC in a report on Tuesday, May 24th. Finally, Peel Hunt reissued a sell rating and issued a GBX 254 ($3.32) price target on shares of Mitie Group PLC in a report on Monday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 254.50 ($3.32).
Mitie Group PLC (LON:MTO) opened at 181.96 on Tuesday. The firm’s market cap is GBX 644.86 million. The firm’s 50-day moving average is GBX 255.89 and its 200-day moving average is GBX 262.10. Mitie Group PLC has a 12 month low of GBX 179.30 and a 12 month high of GBX 341.00.
About Mitie Group PLC
Mitie Group PLC is a United Kingdom-based holding company that provides management services. Its activities are focused on the provision of strategic outsourcing services. It operates in the Republic of Ireland, the Isle of Man, Guernsey, Spain and Belgium, among others. It operates in four segments: facilities management, property management, healthcare and energy solutions.
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