Mitie Group PLC (MTO) Receives Consensus Recommendation of “Buy” from Brokerages

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Shares of Mitie Group PLC (LON:MTO) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 181.20 ($2.37).

Several brokerages have recently issued reports on MTO. Peel Hunt upped their price objective on Mitie Group from GBX 122 ($1.59) to GBX 125 ($1.63) and gave the stock a “hold” rating in a report on Tuesday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mitie Group in a report on Tuesday, April 9th. UBS Group decreased their price objective on Mitie Group from GBX 160 ($2.09) to GBX 135 ($1.76) and set a “neutral” rating on the stock in a report on Wednesday, February 27th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Mitie Group in a report on Thursday, March 28th.

Shares of MTO opened at GBX 148.20 ($1.94) on Wednesday. The company has a market cap of $535.11 million and a PE ratio of -148.20. Mitie Group has a 1 year low of GBX 105.80 ($1.38) and a 1 year high of GBX 211 ($2.76). The company has a debt-to-equity ratio of 134,150.00, a quick ratio of 0.77 and a current ratio of 0.90.

Mitie Group Company Profile

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems.

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Analyst Recommendations for Mitie Group (LON:MTO)

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