Mitie Group (MTO) Price Target Cut to GBX 131 by Analysts at Peel Hunt

Mitie Group (LON:MTO) had its target price lowered by stock analysts at Peel Hunt from GBX 147 ($1.92) to GBX 131 ($1.71) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Peel Hunt’s price target points to a potential upside of 6.07% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Liberum Capital reissued a “buy” rating on shares of Mitie Group in a research note on Wednesday, September 26th. Barclays reaffirmed an “overweight” rating on shares of Mitie Group in a research report on Friday, October 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 300 ($3.92) price target on shares of Mitie Group in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Mitie Group presently has an average rating of “Buy” and a consensus price target of GBX 203.38 ($2.66).

LON MTO opened at GBX 123.50 ($1.61) on Wednesday. Mitie Group has a 52-week low of GBX 147.90 ($1.93) and a 52-week high of GBX 313.50 ($4.10).

In other news, insider Mary Reilly purchased 11,708 shares of Mitie Group stock in a transaction on Monday, December 17th. The stock was purchased at an average price of GBX 129 ($1.69) per share, with a total value of £15,103.32 ($19,735.16). Also, insider Phillip Bentley purchased 146,800 shares of Mitie Group stock in a transaction on Monday, December 10th. The shares were purchased at an average cost of GBX 136 ($1.78) per share, with a total value of £199,648 ($260,875.47). In the last ninety days, insiders have acquired 208,508 shares of company stock valued at $28,975,132.

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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