MITIE GRP PLC/ADR (OTCMKTS:MITFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, Zacks.com reports. The firm presently has a $9.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.36% from the company’s previous close.
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 raised shares of MITIE GRP PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday.
Shares of MITIE GRP PLC/ADR stock opened at $7.87 on Thursday. MITIE GRP PLC/ADR has a 1 year low of $5.29 and a 1 year high of $9.18. The stock has a market cap of $744.68 million, a price-to-earnings ratio of 8.84, a price-to-earnings-growth ratio of 1.50 and a beta of 0.71.
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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