Mitie Group (LON:MTO) Earns “Buy” Rating from Berenberg Bank

Mitie Group (LON:MTO)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 210 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 13.70% from the company’s current price.

A number of other analysts also recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 195 price objective on shares of Mitie Group in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on Mitie Group from GBX 170 to GBX 190 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 186.20.

Mitie Group Trading Up 0.5%

Shares of LON MTO opened at GBX 184.70 on Friday. The stock has a market capitalization of £2.33 billion, a PE ratio of 25.30, a PEG ratio of 10.10 and a beta of 0.89. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 120.44. The stock has a fifty day simple moving average of GBX 175.70 and a 200-day simple moving average of GBX 166.62. Mitie Group has a twelve month low of GBX 132.80 and a twelve month high of GBX 188.10.

Mitie Group Company Profile

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.