Investec Reiterates “Buy” Rating for ITE Group (ITE)
ITE Group (LON:ITE)‘s stock had its “buy” rating reaffirmed by stock analysts at Investec in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 335 ($5.40) price objective on the stock. Investec’s price objective points to a potential upside of 23.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Tuesday. They now have a GBX 365 ($5.89) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “buy” rating on shares of ITE Group (LON:ITE) in a research note to investors on Tuesday. They now have a GBX 335 ($5.40) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of ITE Group (LON:ITE) in a research note to investors on Friday. They now have a GBX 285 ($4.60) price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 332.58 ($5.37).
ITE Group (LON:ITE) opened at 285.50 on Tuesday. ITE Group has a one year low of GBX 181.00 and a one 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 £695.5 million.
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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