ITE Group’s Buy Rating Reaffirmed at Numis Securities Ltd (ITE)
ITE Group (LON:ITE)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a report issued on Monday, American Banking & Market News reports. They currently have a GBX 385 ($6.34) target price on the stock. Numis Securities Ltd’s target price points to a potential upside of 24.60% from the stock’s previous close.
ITE Group (LON:ITE) traded up 1.31% on Monday, hitting GBX 309.00. The stock had a trading volume of 1,111,058 shares. ITE Group has a 1-year low of GBX 228.00 and a 1-year high of GBX 323.00. The stock’s 50-day moving average is GBX 304.1 and its 200-day moving average is GBX 295.0. The company’s market cap is £759.3 million.
The company also recently declared a dividend, which is scheduled for Monday, February 10th. Stockholders of record on Wednesday, January 8th will be given a dividend of GBX 4.70 ($0.08) per share. This represents a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, January 8th.
ITE has been the subject of a number of other recent research reports. Analysts at Westhouse Securities raised their price target on shares of ITE Group from GBX 300 ($4.94) to GBX 320 ($5.27) in a research note to investors on Wednesday, December 18th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of ITE Group in a research note to investors on Tuesday, December 3rd. They now have a GBX 335 ($5.52) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of ITE Group in a research note to investors on Tuesday, December 3rd. They now have a GBX 345 ($5.69) 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 company. ITE Group has an average rating of “Buy” and a consensus target price of GBX 342.96 ($5.65).
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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