Mitie (MTO) Stock Rating Upgraded by Barclays

Mitie (LON:MTO) was upgraded by analysts at Barclays to an “overweight” rating in a note issued to investors on Friday. The firm currently has a GBX 180 ($2.49) target price on the stock, up from their previous target price of GBX 174 ($2.40). Barclays’ target price indicates a potential upside of 16.50% from the company’s current price.

A number of other equities research analysts have also commented on the company. Peel Hunt restated a “reduce” rating and set a GBX 179 ($2.47) price target (down from GBX 205 ($2.83)) on shares of Mitie in a research report on Tuesday, January 23rd. Liberum Capital restated a “buy” rating and set a GBX 270 ($3.73) price target on shares of Mitie in a research report on Tuesday, December 5th. Numis Securities restated a “reduce” rating and set a GBX 175 ($2.42) price target on shares of Mitie in a research report on Friday, December 15th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 300 ($4.14) price target on shares of Mitie in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 223.17 ($3.08).

Shares of Mitie (MTO) opened at GBX 154.50 ($2.13) on Friday. The firm has a market capitalization of $582.57 and a P/E ratio of -908.82. Mitie has a 12 month low of GBX 147.90 ($2.04) and a 12 month high of GBX 313.50 ($4.33).

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About Mitie

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services. It operates through three segments: Facilities Management, Property Management, and Healthcare. It offers cleaning and environmental services, such as pest control, landscaping, and gritting services; and integrated security products and services, such as security personnel, remote monitoring, mobile response solutions, and fire and security systems.

Analyst Recommendations for Mitie (LON:MTO)

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