Berenberg Bank Raises Mitie Group (LON:MTO) Price Target to GBX 215

Mitie Group (LON:MTO – Get Free Report) had its price objective upped by research analysts at Berenberg Bank from GBX 210 to GBX 215 in a note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 26.32% from the stock’s previous close.

Separately, Royal Bank Of Canada reduced their price target on shares of Mitie Group from GBX 205 to GBX 200 and set an “outperform” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 188.20.

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Mitie Group Stock Performance

Shares of MTO stock opened at GBX 170.20 on Friday. The company’s fifty day simple moving average is GBX 175.12 and its two-hundred day simple moving average is GBX 171.22. The company has a debt-to-equity ratio of 120.44, a current ratio of 0.94 and a quick ratio of 0.83. Mitie Group has a 1 year low of GBX 134.60 and a 1 year high of GBX 188.10. The stock has a market capitalization of £2.14 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 10.10 and a beta of 0.87.

Mitie Group (LON:MTO – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported GBX 13.60 EPS for the quarter. The firm had revenue of GBX 561.86 billion during the quarter. Mitie Group had a net margin of 1.79% and a return on equity of 20.41%. As a group, analysts anticipate that Mitie Group will post 10.9360519 earnings per share for the current year.

Mitie Group Company Profile

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Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.

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