Mitie Group (LON:MTO) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Mitie Group (LON:MTO) in a report released on Tuesday, Digital Look reports. Canaccord Genuity currently has a GBX 285 ($3.72) price target on the stock.

Several other research analysts also recently issued reports on MTO. Numis Securities reissued a hold rating on shares of Mitie Group in a research report on Friday, June 7th. Peel Hunt reissued a hold rating on shares of Mitie Group in a research report on Monday, August 19th. UBS Group reissued a neutral rating on shares of Mitie Group in a research report on Tuesday. Liberum Capital reissued a buy rating on shares of Mitie Group in a research report on Monday, August 19th. Finally, Royal Bank of Canada reaffirmed an outperform rating on shares of Mitie Group in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of GBX 200 ($2.61).

Shares of Mitie Group stock opened at GBX 154.40 ($2.02) on Tuesday. 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 debt-to-equity ratio of 134,150.00, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $565.01 million and a P/E ratio of 18.16. The company’s fifty day moving average is GBX 161.33 and its two-hundred day moving average is GBX 144.32.

The company also recently announced a dividend, which was paid on Friday, August 9th. Stockholders of record on Thursday, June 27th were issued a GBX 2.67 ($0.03) dividend. This is an increase from Mitie Group’s previous dividend of $1.33. The ex-dividend date was Thursday, June 27th. This represents a dividend yield of 1.82%. Mitie Group’s 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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