ITE Group Given Buy Rating at Numis Securities Ltd (ITE)
ITE Group (LON:ITE)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a report released on Tuesday, American Banking and Market News reports. They currently have a GBX 365 ($5.89) price target on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 34.29% from the stock’s previous close.
ITE Group (LON:ITE) traded up 6.33% on Tuesday, hitting GBX 289.00. The stock had a trading volume of 123,693 shares. 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 £704.1 million.
A number of other analysts have also recently weighed in on ITE. 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. Separately, 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 332.58 ($5.37).
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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