Liberum Capital Reaffirms “Buy” Rating for Mitie Group (LON:MTO)
Liberum Capital reaffirmed their buy rating on shares of Mitie Group (LON:MTO) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
Several other research firms have also recently issued reports on MTO. Canaccord Genuity reissued a buy rating and set a GBX 285 ($3.72) target price on shares of Mitie Group in a research note on Tuesday, July 30th. UBS Group lifted their price objective on Mitie Group from GBX 135 ($1.76) to GBX 160 ($2.09) and gave the company a neutral rating in a research note on Thursday, June 20th. Royal Bank of Canada reaffirmed an outperform rating on shares of Mitie Group in a research note on Wednesday, July 31st. Peel Hunt reaffirmed a hold rating on shares of Mitie Group in a research note on Monday. Finally, Numis Securities reaffirmed a hold rating on shares of Mitie Group in a research note on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mitie Group presently has a consensus rating of Buy and a consensus target price of GBX 200 ($2.61).
MTO stock opened at GBX 160.90 ($2.10) on Monday. The business has a fifty day moving average of GBX 161.11 and a two-hundred day moving average of GBX 143.90. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 134,150.00. The stock has a market cap of $588.79 million and a price-to-earnings ratio of 18.93. Mitie Group has a 52-week low of GBX 105.80 ($1.38) and a 52-week high of GBX 170.10 ($2.22).
Mitie Group Company Profile
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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