Mitie Group plc (MTO) Rating Increased to Buy at Jefferies Group LLC

Jefferies Group LLC upgraded shares of Mitie Group plc (LON:MTO) to a buy rating in a research note published on Monday, November 6th, MarketBeat reports. Jefferies Group LLC currently has GBX 290 ($3.81) price objective on the stock, up from their previous price objective of GBX 220 ($2.89).

Several other equities analysts have also issued reports on the stock. Liberum Capital reaffirmed a buy rating and issued a GBX 300 ($3.95) price target on shares of Mitie Group in a report on Wednesday, September 20th. Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 225 ($2.96) price target on shares of Mitie Group in a report on Thursday, September 21st. Peel Hunt reaffirmed a hold rating and issued a GBX 253 ($3.33) price target on shares of Mitie Group in a report on Wednesday, September 20th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a GBX 300 ($3.95) price target on shares of Mitie Group in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 241 ($3.17).

Shares of Mitie Group (MTO) traded down GBX 5.30 ($0.07) during trading hours on Monday, hitting GBX 202.50 ($2.66). 688,956 shares of the stock were exchanged, compared to its average volume of 1,060,000. Mitie Group has a fifty-two week low of GBX 170 ($2.24) and a fifty-two week high of GBX 313.50 ($4.12).

Mitie Group (LON:MTO) last issued its 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 ($0.09) by GBX (1.80) (($0.02)). The company had revenue of £959.70 million for the quarter. Mitie Group had a return on equity of 65.84% and a net margin of 4.99%.

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Mitie Group Company Profile

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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