Canaccord Genuity Reiterates Buy Rating for Mitie Group (LON:MTO)

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Mitie Group (LON:MTO)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 285 ($3.72) price target on the stock. Canaccord Genuity’s price objective points to a potential upside of 77.13% from the stock’s previous close.

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

Shares of MTO stock opened at GBX 160.90 ($2.10) on Tuesday. Mitie Group has a 52-week low of GBX 105.80 ($1.38) and a 52-week 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 firm has a market capitalization of $588.79 million and a P/E ratio of 18.93. The stock has a 50 day moving average price of GBX 161.11 and a 200 day moving average price of GBX 143.90.

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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