Mitie Group PLC (MTO) Received GBX 219.33 Average Target Price from Analysts

Mitie Group PLC (MTO) Received GBX 219.33 Average Target Price from Analysts

Shares of Mitie Group PLC (LON:MTO) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 221.20 ($2.89).

A number of research analysts have issued reports on MTO shares. Peel Hunt restated a “hold” rating on shares of Mitie Group in a research report on Thursday, November 22nd. Liberum Capital restated a “buy” rating on shares of Mitie Group in a research report on Wednesday, November 28th. Canaccord Genuity restated a “buy” rating and set a GBX 300 ($3.92) target price on shares of Mitie Group in a research report on Monday, November 19th. Finally, Barclays restated an “overweight” rating on shares of Mitie Group in a research report on Friday, October 5th.

In other Mitie Group news, insider Roger Yates bought 50,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were purchased at an average price of GBX 150 ($1.96) per share, for a total transaction of £75,000 ($98,000.78).

MTO traded up GBX 2 ($0.03) on Wednesday, reaching GBX 142 ($1.86). The company had a trading volume of 566,086 shares, compared to its average volume of 1,050,000. Mitie Group has a fifty-two week low of GBX 147.90 ($1.93) and a fifty-two week high of GBX 313.50 ($4.10).

The firm also recently announced a dividend, which will be paid on Tuesday, February 12th. Shareholders of record on Thursday, December 20th will be given a dividend of GBX 1.33 ($0.02) per share. The ex-dividend date is Thursday, December 20th. This represents a dividend yield of 0.87%.

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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