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Investors Chronicle – Mitie drops mightily as miserly clients cut back …

IC VIEW:

Mitie faces major challenges across multiple markets, but its shares have fallen sharply this year, pricing in the uninspiring outlook. They trade at an undemanding 11 times forecast earnings, and there’s a tidy prospective yield of 4.9 per cent. Hold.

Last IC view: Hold, 274p, 24 May 2016

Article source: http://www.investorschronicle.co.uk/2016/11/22/shares/news-and-analysis/mitie-drops-mightily-as-miserly-clients-cut-back-on-outsourcing-PvCju3BU2lhC8X51Qkut6N/article.html

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