Mitie Group PLC (LON:MTO) Receives Average Rating of “Buy” from Brokerages

Shares of Mitie Group PLC (LON:MTO) have earned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 285 ($3.72).

Several research firms have recently weighed in on MTO. Liberum Capital reissued a “buy” rating on shares of Mitie Group in a research report on Monday, August 19th. Numis Securities reissued a “hold” rating on shares of Mitie Group in a research report on Friday, June 7th. UBS Group reissued a “neutral” rating on shares of Mitie Group in a research report on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating on shares of Mitie Group in a research report on Wednesday, July 31st. Finally, Peel Hunt reissued a “hold” rating on shares of Mitie Group in a research report on Monday, August 19th.

MTO stock opened at GBX 156.10 ($2.04) on Friday. The stock has a 50-day moving average price of GBX 160.89 and a 200-day moving average price of GBX 145.18. Mitie Group has a 1-year low of GBX 105.80 ($1.38) and a 1-year high of GBX 170.10 ($2.22). The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 134,150.00. The firm has a market cap of $571.23 million and a PE ratio of 18.36.

The company also recently announced a dividend, which was paid on Friday, August 9th. Investors of record on Thursday, June 27th were given a GBX 2.67 ($0.03) dividend. This represents a yield of 1.82%. This is a positive change from Mitie Group’s previous dividend of $1.33. The ex-dividend date of this dividend was Thursday, June 27th. Mitie Group’s payout ratio is presently 0.47%.

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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Analyst Recommendations for Mitie Group (LON:MTO)

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