Mitie Group plc (MTO) Price Target Cut to GBX 270 by Analysts at Liberum Capital

Mitie Group plc (LON:MTO) had its price objective decreased by Liberum Capital from GBX 300 ($3.95) to GBX 270 ($3.55) in a report issued on Sunday. Liberum Capital currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity reissued a buy rating and issued a GBX 300 ($3.95) price objective on shares of Mitie Group in a research report on Monday, November 20th. Jefferies Group LLC raised shares of Mitie Group to a buy rating and increased their price objective for the stock from GBX 220 ($2.89) to GBX 290 ($3.81) in a research report on Monday, November 6th. Peel Hunt reissued a hold rating and issued a GBX 253 ($3.33) price objective on shares of Mitie Group in a research report on Wednesday, September 20th. Finally, Numis Securities Ltd reissued a reduce rating and issued a GBX 225 ($2.96) price objective on shares of Mitie Group in a research report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 237.25 ($3.12).

Shares of Mitie Group (LON MTO) opened at GBX 198.94 ($2.62) on Friday. Mitie Group has a fifty-two week low of GBX 170 ($2.24) and a fifty-two week high of GBX 313.50 ($4.12).

Mitie Group (LON:MTO) last released its quarterly earnings data on Monday, November 20th. The company reported GBX 5.20 ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 7 ($0.09) by GBX (1.80) (($0.02)). Mitie Group had a return on equity of 65.84% and a net margin of 4.99%. The business had revenue of £959.70 million during the quarter.

The company also recently declared a dividend, which will be paid on Wednesday, February 7th. Investors of record on Thursday, December 21st will be issued a dividend of GBX 1.33 ($0.02) per share. This represents a yield of 0.66%. The ex-dividend date of this dividend is Thursday, December 21st.

WARNING: “Mitie Group plc (MTO) Price Target Cut to GBX 270 by Analysts at Liberum Capital” was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/11/27/mitie-group-plc-mto-price-target-cut-to-gbx-270-by-analysts-at-liberum-capital.html.

Mitie Group Company Profile

Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.

Analyst Recommendations for Mitie Group (LON:MTO)

Receive News & Ratings for Mitie Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitie Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply