Mitie Group (LON:MTO) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Mitie Group (LON:MTO) in a research report report published on Friday morning,Digital Look reports. They currently have a GBX 210 target price on the stock.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mitie Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 195 target price on shares of Mitie Group in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Mitie Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 186.20.

Mitie Group Price Performance

MTO opened at GBX 184.70 on Friday. The company has a fifty day moving average price of GBX 175.70 and a two-hundred day moving average price of GBX 166.43. The company has a debt-to-equity ratio of 120.44, a quick ratio of 0.83 and a current ratio of 0.94. Mitie Group has a 52 week low of GBX 132.80 and a 52 week high of GBX 188.10. The firm has a market capitalization of £2.33 billion, a PE ratio of 25.30, a P/E/G ratio of 10.10 and a beta of 0.89.

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.