MITIE Group PLC (NASDAQ:MITFY) Raised to Strong-Buy at Zacks Investment Research

MITIE Group PLC (NASDAQ:MITFY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Saturday, July 29th. The brokerage currently has a $17.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 23.77% from the company’s current price.

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. “

Shares of MITIE Group PLC (NASDAQ:MITFY) opened at 13.735 on Friday. The stock’s 50 day moving average is $14.00 and its 200-day moving average is $12.00. The company’s market cap is $1.22 billion. MITIE Group PLC has a 52 week low of $9.07 and a 52 week high of $14.96.

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