Mitie Group reinstated with a Buy at Goldman Sachs

Goldman Sachs reinstated coverage of Mitie Group (MITFF) with a Buy rating and 230 GBp price target The firm believes that Mitie can deliver organic growth of 5% per year on average over FY26-FY30, above its historical level, driven by its strength in the UK Facilities Management Outsourcing market and strong Projects growth, the analyst tells investors in a research note. Goldman is also positive on Mitie’s scope for margin expansion, helped by the recent acquisition of Marlowe.