Fintel reports that on January 28, 2025, Berenberg Bank initiated coverage of Mitie Group (LSE:MTO) with a Buy recommendation.
Analyst Price Forecast Suggests 27.65% Upside
As of January 29, 2025, the average one-year price target for Mitie Group is 148.58 GBX/share. The forecasts range from a low of 136.35 GBX to a high of 162.75 GBX. The average price target represents an increase of 27.65% from its latest reported closing price of 116.40 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mitie Group is 4,407MM, a decrease of 7.95%. The projected annual non-GAAP EPS is 0.09.
Mitie Group Maintains 3.44% Dividend Yield
At the most recent price, the company’s dividend yield is 3.44%.
Additionally, the company’s dividend payout ratio is 0.41. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 4.00% , demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 78 funds or institutions reporting positions in Mitie Group. This is an increase of 4 owner(s) or 5.41% in the last quarter. Average portfolio weight of all funds dedicated to MTO is 0.15%, an increase of 8.05%. Total shares owned by institutions increased in the last three months by 3.86% to 171,207K shares.
What are Other Shareholders Doing?
FLPSX - Fidelity Low-Priced Stock Fund holds 40,810K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 40,188K shares , representing an increase of 1.53%. The firm increased its portfolio allocation in MTO by 5.21% over the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 18,290K shares representing 1.49% ownership of the company. In its prior filing, the firm reported owning 18,515K shares , representing a decrease of 1.23%. The firm decreased its portfolio allocation in MTO by 4.94% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 11,197K shares representing 0.91% ownership of the company. In its prior filing, the firm reported owning 11,207K shares , representing a decrease of 0.09%. The firm increased its portfolio allocation in MTO by 0.49% over the last quarter.
Dfa Investment Trust Co - The United Kingdom Small Company Series holds 7,992K shares representing 0.65% ownership of the company. In its prior filing, the firm reported owning 8,158K shares , representing a decrease of 2.07%. The firm increased its portfolio allocation in MTO by 10.78% over the last quarter.
IEFA - iShares Core MSCI EAFE ETF holds 7,286K shares representing 0.59% ownership of the company. In its prior filing, the firm reported owning 7,127K shares , representing an increase of 2.18%. The firm decreased its portfolio allocation in MTO by 2.14% over the last quarter.
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