Is Mitie Group PLC a Sell? The Stock Declines Again

 Is Mitie Group PLC a Sell? The Stock Declines Again

The stock of Mitie Group PLC (LON:MTO) is a huge mover today! The stock increased 6.97% or GBX 13.24 on November 22, hitting GBX 203.24. About 5.64M shares traded hands or 215.08% up from the average. Mitie Group PLC (LON:MTO) has declined 29.60% since April 25, 2016 and is downtrending. It has underperformed by 34.16% the S&P500.
The move comes after 8 months negative chart setup for the GBX 729.72M company. It was reported on Nov, 22 by Barchart.com. We have GBX 195.11 PT which if reached, will make LON:MTO worth GBX 29.19M less.

Mitie Group PLC (LON:MTO) Ratings Coverage

Out of 11 analysts covering MITIE Group PLC (LON:MTO), 2 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 18% are positive. MITIE Group PLC has been the topic of 46 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Tuesday, March 29, the company rating was maintained by Barclays Capital. The rating was maintained by Peel Hunt on Monday, September 19 with “Sell”. The company was maintained on Tuesday, February 23 by RBC Capital Markets. The stock of Mitie Group PLC (LON:MTO) earned “Hold” rating by Liberum Capital on Monday, November 23. The company was maintained on Monday, September 19 by Canaccord Genuity. The rating was maintained by Numis Securities with “Reduce” on Tuesday, September 20. The firm has “Hold” rating by Jefferies given on Wednesday, September 16. The rating was maintained by Barclays Capital with “Underweight” on Monday, June 20. The rating was maintained by Jefferies with “Hold” on Monday, March 7. The company was maintained on Monday, October 10 by Peel Hunt.

Another recent and important Mitie Group PLC (LON:MTO) news was published by Seekingalpha.com which published an article titled: “Mitie Group PLC – Overblown Brexit Fears Offer Investors Chance To Clean Up” on September 29, 2016.

Mitie Group plc is a holding company. The company has a market cap of 729.72 million GBP. The Firm is engaged in providing management services. It has a 9.67 P/E ratio. The Firm focuses on providing strategic outsourcing services.

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