Mitie Group (LON:MTO) Rating Reiterated by Peel Hunt

Mitie Group (LON:MTO)‘s stock had its “hold” rating reiterated by analysts at Peel Hunt in a research report issued on Wednesday, LSE.Co.UK reports. They currently have a GBX 145 ($1.89) price objective on the stock. Peel Hunt’s target price suggests a potential downside of 5.72% from the stock’s previous close.

A number of other equities analysts also recently weighed in on MTO. Liberum Capital reaffirmed a “buy” rating on shares of Mitie Group in a research note on Monday, August 19th. Royal Bank of Canada reissued an “outperform” rating on shares of Mitie Group in a research report on Wednesday, July 31st. UBS Group reissued a “neutral” rating on shares of Mitie Group in a research report on Tuesday, August 20th. Canaccord Genuity restated a “buy” rating and issued a GBX 285 ($3.72) target price on shares of Mitie Group in a research note on Tuesday, August 20th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 145 ($1.89) target price on shares of Mitie Group in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mitie Group presently has a consensus rating of “Buy” and an average target price of GBX 189 ($2.47).

MTO stock traded up GBX 3.80 ($0.05) during midday trading on Wednesday, reaching GBX 153.80 ($2.01). The company had a trading volume of 85,073 shares, compared to its average volume of 1,050,000. The company has a 50 day moving average of GBX 158.87 and a two-hundred day moving average of GBX 145.91. The company has a market capitalization of $559.15 million and a P/E ratio of 18.09. Mitie Group has a 1 year low of GBX 105.80 ($1.38) and a 1 year high of GBX 170.10 ($2.22). The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 134,150.00.

Mitie Group Company Profile

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.

See Also: 52-Week High/Low

Analyst Recommendations for Mitie Group (LON:MTO)

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