Mitie Group (LON:MTO) had its target price boosted by investment analysts at Peel Hunt from GBX 122 ($1.59) to GBX 125 ($1.63) in a note issued to investors on Tuesday, May 7th, ThisIsMoney.Co.Uk reports. The firm presently has a “hold” rating on the stock. Peel Hunt’s price target indicates a potential downside of 15.77% from the company’s previous close.
Several other research analysts have also issued reports on the company. Jefferies Financial Group reissued a “buy” rating on shares of Mitie Group in a research report on Tuesday, April 9th. Liberum Capital reaffirmed a “buy” rating on shares of Mitie Group in a research report on Thursday, March 28th. Finally, UBS Group reduced their price objective on Mitie Group from GBX 160 ($2.09) to GBX 135 ($1.76) and set a “neutral” rating for the company in a research report on Wednesday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 196.57 ($2.57).
MTO traded up GBX 6.20 ($0.08) during midday trading on Tuesday, reaching GBX 148.40 ($1.94). 177,891 shares of the company’s stock traded hands, compared to its average volume of 1,050,000. The firm has a market capitalization of $535.83 million and a price-to-earnings ratio of -148.40. The company has a debt-to-equity ratio of 134,150.00, a current ratio of 0.90 and a quick ratio of 0.77. Mitie Group has a 52 week low of GBX 105.80 ($1.38) and a 52 week high of GBX 211 ($2.76).
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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