Mitie Group PLC (LON:MTO) Receives Average Rating of “Buy” from Analysts

Shares of Mitie Group PLC (LON:MTO) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 222.50 ($2.91).

A number of brokerages have recently weighed in on MTO. UBS Group boosted their price target on Mitie Group from GBX 135 ($1.76) to GBX 160 ($2.09) and gave the company a “neutral” rating in a report on Thursday, June 20th. Numis Securities restated a “hold” rating on shares of Mitie Group in a research note on Friday, June 7th. Liberum Capital restated a “buy” rating on shares of Mitie Group in a research note on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating on shares of Mitie Group in a research note on Wednesday, July 31st. Finally, Peel Hunt restated a “hold” rating on shares of Mitie Group in a research note on Monday, July 29th.

Shares of LON MTO traded down GBX 2 ($0.03) during trading on Monday, reaching GBX 159.90 ($2.09). The stock had a trading volume of 103,047 shares, compared to its average volume of 1,050,000. Mitie Group has a one year low of GBX 105.80 ($1.38) and a one 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. The firm has a market capitalization of $585.14 million and a PE ratio of 18.81. The stock has a 50 day simple moving average of GBX 158.93.

The business also recently disclosed a dividend, which was paid on Friday, August 9th. Investors of record on Thursday, June 27th were paid a dividend of GBX 2.67 ($0.03) per share. This is an increase from Mitie Group’s previous dividend of $1.33. This represents a yield of 1.82%. The ex-dividend date was Thursday, June 27th. Mitie Group’s dividend payout ratio is presently 0.47%.

About Mitie Group

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.

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Analyst Recommendations for Mitie Group (LON:MTO)

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