Mitie Group PLC (LON:MTO) had its price objective decreased by Citigroup Inc. from GBX 280 ($3.47) to GBX 210 ($2.60) in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 5.47% from the company’s current price.
MTO has been the subject of several other research reports. Liberum Capital restated a “hold” rating and set a GBX 240 ($2.97) price target on shares of Mitie Group PLC in a research report on Monday, September 19th. Canaccord Genuity reduced their price target on shares of 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. Barclays PLC reduced their price target on shares of Mitie Group PLC from GBX 275 ($3.40) to GBX 250 ($3.09) and set an “underweight” rating for the company in a research report on Monday, June 20th. Numis Securities Ltd reiterated a “reduce” rating and set a GBX 166 ($2.05) target price on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Finally, Peel Hunt reiterated a “sell” rating and set a GBX 254 ($3.14) target price 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, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 240.10 ($2.97).
Shares of Mitie Group PLC (LON:MTO) opened at 198.30 on Thursday. Mitie Group PLC has a one year low of GBX 178.00 and a one year high of GBX 341.00. The company’s market capitalization is GBX 702.77 million. The company’s 50 day moving average is GBX 228.05 and its 200 day moving average is GBX 253.83.
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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