Barclays upgraded shares of Mitie (LON:MTO) to an overweight rating in a research note published on Friday, March 23rd. The brokerage currently has GBX 180 ($2.58) target price on the stock, up from their prior target price of GBX 174 ($2.49).
Other equities analysts also recently issued reports about the company. Liberum Capital reissued a buy rating and set a GBX 240 ($3.44) target price on shares of Mitie in a research note on Friday, March 23rd. Canaccord Genuity reissued a buy rating and set a GBX 300 ($4.30) target price on shares of Mitie in a research note on Friday, December 15th. Numis Securities raised Mitie to a hold rating and set a GBX 150 ($2.15) target price for the company in a research note on Monday, March 19th. Finally, Peel Hunt reissued a reduce rating and set a GBX 179 ($2.56) target price on shares of Mitie in a research note on Friday, March 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 219.86 ($3.15).
MTO traded up GBX 0.40 ($0.01) on Friday, hitting GBX 166.50 ($2.38). 1,051,103 shares of the company traded hands, compared to its average volume of 1,050,000. Mitie has a 12-month low of GBX 147.90 ($2.12) and a 12-month high of GBX 313.50 ($4.49).
Mitie Company Profile
Mitie Group plc, through its subsidiaries, provides strategic outsourcing services. It operates through three segments: Facilities Management, Property Management, and Healthcare. It offers cleaning and environmental services, such as pest control, landscaping, and gritting services; and integrated security products and services, such as security personnel, remote monitoring, mobile response solutions, and fire and security systems.
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