Numis Securities Ltd Reiterates “Buy” Rating for ITE Group (ITE)
ITE Group (LON:ITE)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities Ltd in a report released on Friday, Analyst Ratings Network.com reports. They currently have a GBX 365 ($5.80) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 31.63% from the company’s current price.
A number of other firms have also recently commented on ITE. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Wednesday. They now have a GBX 317 ($5.03) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Wednesday. They now have a GBX 335 ($5.32) price target on the stock. Finally, analysts at Nplus1 Brewin reiterated a “hold” rating on shares of ITE Group (LON:ITE) in a research note to investors on Friday, September 13th. They now have a GBX 297 ($4.72) price target on the stock.
Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 323.08 ($5.13).
Shares of ITE Group (LON:ITE) traded down 2.16% on Friday, hitting GBX 271.30. The stock had a trading volume of 913,923 shares. ITE Group has a 1-year low of GBX 181.00 and a 1-year high of GBX 309.50. The stock has a 50-day moving average of GBX 284.3 and a 200-day moving average of GBX 284.3. The company’s market cap is £660.9 million.
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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