ITE Group Rating Reiterated by Nplus1 Brewin (ITE)
ITE Group (LON:ITE)‘s stock had its “buy” rating reiterated by equities research analysts at Nplus1 Brewin in a research note issued to investors on Thursday, American Banking News.com reports. They currently have a GBX 335 ($5.52) price target on the stock. Nplus1 Brewin’s price target suggests a potential upside of 20.76% from the stock’s previous close.
A number of other firms have also recently commented on ITE. Analysts at Investec cut their price target on shares of ITE Group from GBX 355 ($5.85) to GBX 340 ($5.60) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd cut their price target on shares of ITE Group from GBX 385 ($6.34) to GBX 380 ($6.26) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Westhouse Securities upgraded shares of ITE Group to an “add” rating in a research note to investors on Thursday. They now have a GBX 320 ($5.27) price target on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 341.71 ($5.63).
Shares of ITE Group (LON:ITE) traded down 0.93% during mid-day trading on Thursday, hitting GBX 277.40. 880,300 shares of the company’s stock traded hands. ITE Group has a 52-week low of GBX 250.70 and a 52-week high of GBX 323.00. The stock’s 50-day moving average is GBX 303.4 and its 200-day moving average is GBX 295.0. The company’s market cap is £681.6 million.
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.