Berenberg Bank Raises Mitie Group (LON:MTO) Price Target to GBX 215

Mitie Group (LON:MTO) had its target price lifted by Berenberg Bank from GBX 210 to GBX 215 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 26.32% from the stock’s previous close.

Separately, Royal Bank Of Canada lowered their price target on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 188.20.

Mitie Group Stock Performance

LON:MTO opened at GBX 170.20 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 120.44. The stock has a market capitalization of £2.14 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. The firm’s 50 day moving average is GBX 175.12 and its 200 day moving average is GBX 171.22. Mitie Group has a 12 month low of GBX 134.60 and a 12 month high of GBX 188.10.

Mitie Group (LON:MTO) last posted its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. The company had revenue of GBX 561.86 billion for the quarter. Mitie Group had a net margin of 1.79% and a return on equity of 20.41%. Sell-side analysts expect that Mitie Group will post 10.9360519 earnings per share for the current year.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.