25 November 2015 2:08am MITIE Mitie’s interim results were weaker than expected due to its loss-making healthcare division. However, Liberum has decided to keep its headline earnings estimates unchanged, provided that the trading improves in the second half. The broker kept its “hold” recommendation and upped its target price from 286p to 300p, saying the group’s focus on its core facilities management business was “encouraging”.
Nov 24, 2015 at 05:30 Mitie interims down due to healthcare Outsourcing and energy services company Mitie (MTO) reported weaker-than-expected interim results yesterday that sent its shares sliding 9% to 302p.
Liberum analyst Joe Brent retained his ‘hold’ recommendation and target price of 286p on the shares, commenting: ‘Interim results a little weaker than we had expected due to healthcare (down 20% due to branch closures), but no exceptionals,’ he… Read More
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