Zacks Investment Research upgraded shares of MITIE GRP PLC/ADR (OTCMKTS:MITFY) from a hold rating to a buy rating in a research report report published on Thursday, Zacks.com reports. The brokerage currently has $9.00 price objective on the stock.
According to Zacks, “Mitie Group plc provides strategic outsourcing services. The company’s operating segment includes Soft FM, Hard FM, Property Management and Healthcare. Soft FM segment includes cleaning and environmental services, security, catering and front of house services. Hard FM segment includes technical, building maintenance and energy services. Property management segment provides repair and maintenance services in the social housing market. Healthcare segment provides care at home for people who need help and support due to illness, infirmity or disability. It operates primarily in the United Kingdom, the Republic of Ireland, Guernsey, Jersey, Germany, France, Finland, Norway, Sweden, the Netherlands, Spain, Poland, Switzerland, Belgium, Nigeria, Kenya, Ghana, the United Arab Emirates, and internationally. Mitie Group plc is headquartered in Bristol, the United Kingdom. “
Separately, ValuEngine upgraded MITIE GRP PLC/ADR from a sell rating to a hold rating in a research report on Friday, March 22nd.
The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, August 26th. Investors of record on Friday, June 28th will be given a dividend of $0.119 per share. The ex-dividend date is Thursday, June 27th. This is a positive change from MITIE GRP PLC/ADR’s previous Semi-Annual dividend of $0.06. MITIE GRP PLC/ADR’s dividend payout ratio is 13.48%.
About MITIE GRP PLC/ADR
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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