Peel Hunt Reiterates Hold Rating for Mitie Group (LON:MTO)

Peel Hunt reaffirmed their hold rating on shares of Mitie Group (LON:MTO) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently weighed in on the company. Liberum Capital decreased their price objective on Mitie Group from GBX 43 ($0.53) to GBX 37 ($0.46) and set a hold rating for the company in a research note on Tuesday, July 28th. Jefferies Financial Group reiterated a hold rating on shares of Mitie Group in a research note on Friday, June 26th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 138.50 ($1.70).

Shares of LON MTO opened at GBX 32.70 ($0.40) on Wednesday. The company has a debt-to-equity ratio of 398.39, a current ratio of 0.91 and a quick ratio of 0.85. The stock has a market capitalization of $232.16 million and a P/E ratio of 1.34. Mitie Group has a 1-year low of GBX 0.43 ($0.01) and a 1-year high of GBX 170.10 ($2.09). The business has a fifty day moving average price of GBX 67.88 and a 200 day moving average price of GBX 93.03.

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.

Further Reading: What is Net Asset Value (NAV)?

Analyst Recommendations for Mitie Group (LON:MTO)

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