Canaccord Genuity reiterated their buy rating on shares of Mitie Group (LON:MTO) in a research report released on Monday, November 20th. They currently have a GBX 300 ($4.04) target price on the stock.
MTO has been the subject of a number of other reports. Liberum Capital upgraded Mitie Group to a buy rating and set a GBX 300 ($4.04) price target for the company in a report on Thursday, July 27th. Peel Hunt upgraded Mitie Group to a hold rating and raised their target price for the company from GBX 175 ($2.36) to GBX 253 ($3.41) in a report on Thursday, July 27th. Jefferies Group raised their target price on Mitie Group from GBX 175 ($2.36) to GBX 220 ($2.96) and gave the company an underperform rating in a report on Friday, August 11th. Finally, Numis Securities reaffirmed a reduce rating and issued a GBX 225 ($3.03) price target on shares of Mitie Group in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 237.25 ($3.19).
Shares of Mitie Group (LON:MTO) traded up GBX 1.30 ($0.02) during mid-day trading on Monday, hitting GBX 196 ($2.64). The stock had a trading volume of 897,148 shares, compared to its average volume of 1,300,000. Mitie Group has a 1-year low of GBX 170 ($2.29) and a 1-year high of GBX 313.50 ($4.22).
The business also recently announced a dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Thursday, December 21st will be paid a GBX 1.33 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a dividend yield of 0.66%.
In related news, insider Derek Mapp bought 40,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of GBX 204 ($2.75) per share, for a total transaction of £81,600 ($109,825.03).
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Mitie Group Company Profile
Mitie Group plc is a holding company. The Company is engaged in providing management services. The Company focuses on providing strategic outsourcing services. The Company operates through various segments, including Soft FM, Hard FM and Property Management. The Company’s Soft FM segment includes cleaning and environmental services, security, catering and front of house services.
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