ITE Group Rating Increased to Buy at N+1 Singer (ITE)
ITE Group (LON:ITE) was upgraded by research analysts at N+1 Singer from a “hold” rating to a “buy” rating in a report released on Monday, American Banking and Market News reports. The firm currently has a GBX 335 ($5.37) target price on the stock, up from their previous target price of GBX 297 ($4.76). N+1 Singer’s price target would suggest a potential upside of 21.60% from the stock’s previous close.
ITE Group (LON:ITE) traded up 1.92% on Monday, hitting GBX 275.50. 88,225 shares of the company’s stock traded hands. ITE Group has a 1-year low of GBX 181.00 and a 1-year high of GBX 309.50. The stock’s 50-day moving average is GBX 283.9 and its 200-day moving average is GBX 284.2. The company’s market cap is £671.2 million.
A number of other firms have also recently commented on ITE. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Friday. They now have a GBX 365 ($5.85) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Wednesday, September 18th. They now have a GBX 317 ($5.08) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Wednesday, September 18th. They now have a GBX 335 ($5.37) price target on the stock.
One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. ITE Group presently has a consensus rating of “Buy” and an average target price of GBX 332.58 ($5.33).
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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