Mitie Group (MTO) Given “Reduce” Rating at Peel Hunt

Peel Hunt restated their reduce rating on shares of Mitie Group (LON:MTO) in a research report released on Tuesday, January 23rd. Peel Hunt currently has a GBX 179 ($2.47) price target on the stock, down from their prior price target of GBX 205 ($2.83).

A number of other equities analysts have also weighed in on the company. Canaccord Genuity reiterated a buy rating and set a GBX 300 ($4.14) price objective on shares of Mitie Group in a research note on Friday, December 15th. Liberum Capital reiterated a buy rating and set a GBX 270 ($3.73) price objective on shares of Mitie Group in a research note on Tuesday, December 5th. Jefferies Group upgraded Mitie Group to a buy rating and lifted their price objective for the company from GBX 220 ($3.04) to GBX 290 ($4.01) in a research note on Monday, November 6th. Finally, Numis Securities restated a reduce rating and issued a GBX 175 ($2.42) price target on shares of Mitie Group in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Mitie Group has a consensus rating of Hold and an average target price of GBX 237.33 ($3.28).

Mitie Group (LON:MTO) traded up GBX 3.30 ($0.05) during trading on Tuesday, hitting GBX 154.60 ($2.14). The stock had a trading volume of 477,117 shares, compared to its average volume of 1,320,000. The firm has a market cap of $564.64 and a PE ratio of -909.41. Mitie Group has a 52-week low of GBX 148.75 ($2.06) and a 52-week high of GBX 313.50 ($4.33).

Mitie Group (LON:MTO) last issued its quarterly earnings results on Monday, November 20th. The company reported GBX 5.20 ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 7 ($0.10) by GBX (1.80) (($0.02)). Mitie Group had a return on equity of 9.08% and a net margin of 0.53%. The firm had revenue of £959.70 million for the quarter.

The company also recently disclosed a dividend, which was paid on Wednesday, February 7th. Shareholders of record on Thursday, December 21st were paid a dividend of GBX 1.33 ($0.02) per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a yield of 0.66%.

In other news, insider Derek Mapp acquired 40,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of GBX 204 ($2.82) per share, for a total transaction of £81,600 ($112,738.33).

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About Mitie Group

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.

Analyst Recommendations for Mitie Group (LON:MTO)

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