Peel Hunt Reaffirms Hold Rating for Mitie Group (LON:MTO)

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Mitie Group (LON:MTO)‘s stock had its “hold” rating restated by Peel Hunt in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.

A number of other research analysts also recently commented on MTO. UBS Group increased their price objective on shares of Mitie Group from GBX 135 ($1.76) to GBX 160 ($2.09) and gave the company a “neutral” rating in a research note on Thursday, June 20th. Royal Bank of Canada reiterated an “outperform” rating on shares of Mitie Group in a research note on Wednesday, July 31st. Liberum Capital reiterated a “buy” rating on shares of Mitie Group in a research note on Wednesday, July 31st. Canaccord Genuity reiterated a “buy” rating and set a GBX 285 ($3.72) price objective on shares of Mitie Group in a research note on Tuesday, July 30th. Finally, Numis Securities reiterated a “hold” rating on shares of Mitie Group in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mitie Group currently has an average rating of “Buy” and an average target price of GBX 200 ($2.61).

LON MTO opened at GBX 160.10 ($2.09) on Monday. Mitie Group has a 12 month low of GBX 105.80 ($1.38) and a 12 month high of GBX 170.10 ($2.22). The company has a debt-to-equity ratio of 134,150.00, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $585.87 million and a price-to-earnings ratio of 18.84. The company’s fifty day moving average price is GBX 160.79 and its two-hundred day moving average price is GBX 143.68.

About Mitie Group

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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