Royal Bank Of Canada cut shares of Mitie Group PLC (LON:MTO) to a sector performer rating in a report issued on Thursday. Royal Bank Of Canada currently has GBX 195 ($2.38) price target on the stock, down from their prior price target of GBX 310 ($3.78).
A number of other analysts have also recently weighed in on MTO. Barclays PLC decreased their price target on shares of Mitie Group PLC from GBX 275 ($3.35) to GBX 250 ($3.05) and set an underweight rating for the company in a research report on Monday, June 20th. Liberum Capital reaffirmed a hold rating and set a GBX 240 ($2.93) price target on shares of Mitie Group PLC in a research report on Monday, September 19th. Canaccord Genuity decreased their price target on shares of Mitie Group PLC from GBX 300 ($3.66) to GBX 270 ($3.29) and set a buy rating for the company in a research report on Monday, September 19th. Peel Hunt reaffirmed a sell rating and set a GBX 254 ($3.10) price target on shares of Mitie Group PLC in a research report on Monday, September 19th. Finally, Numis Securities Ltd reaffirmed a reduce rating and set a GBX 166 ($2.02) price target on shares of Mitie Group PLC in a research report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Mitie Group PLC presently has an average rating of Hold and an average target price of GBX 240.10 ($2.93).
Shares of Mitie Group PLC (LON:MTO) opened at 197.40 on Thursday. The firm has a 50-day moving average price of GBX 224.24 and a 200-day moving average price of GBX 253.10. Mitie Group PLC has a 1-year low of GBX 178.00 and a 1-year high of GBX 341.00. The firm’s market capitalization is GBX 699.58 million.
Mitie Group PLC Company Profile
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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