Investec Reiterates Buy Rating for ITE Group plc (ITE)
ITE Group plc (LON:ITE)‘s stock had its “buy” rating restated by equities researchers at Investec in a research report issued on Monday. They currently have a GBX 260 ($4.37) target price on the stock. Investec’s target price would suggest a potential upside of 18.67% from the company’s current price.
Shares of ITE Group plc (LON:ITE) opened at 218.00 on Monday. ITE Group plc has a 52 week low of GBX 187.897 and a 52 week high of GBX 323.00. The stock has a 50-day moving average of GBX 215.0 and a 200-day moving average of GBX 268.0. The company’s market cap is £535.7 million.
Several other analysts have also recently commented on the stock. Analysts at Westhouse Securities raised their price target on shares of ITE Group plc from GBX 206 ($3.47) to GBX 216 ($3.63) in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of ITE Group plc in a research note on Monday. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ITE Group plc in a research note on Wednesday, May 14th. They now have a GBX 330 ($5.55) price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 289.33 ($4.87).
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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