ITE Group plc Given “Buy” Rating at Wood & Company (ITE)
ITE Group plc (LON:ITE)‘s stock had its “buy” rating reaffirmed by research analysts at Wood & Company in a report released on Friday. They currently have a GBX 277 ($4.66) target price on the stock. Wood & Company’s price target points to a potential upside of 15.78% from the company’s current price.
ITE Group plc (LON:ITE) opened at 234.20 on Friday. ITE Group plc has a 52-week low of GBX 187.897 and a 52-week high of GBX 323.00. The stock’s 50-day moving average is GBX 224.2 and its 200-day moving average is GBX 262.7. The company’s market cap is £577.0 million.
The company also recently declared a dividend, which is scheduled for Thursday, August 7th. Stockholders of record on Wednesday, July 2nd will be given a dividend of GBX 2.50 ($0.04) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, July 2nd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of ITE Group plc in a research note on Monday, May 19th. They now have a GBX 260 ($4.38) price target on the stock. Separately, analysts at Westhouse Securities raised their price target on shares of ITE Group plc from GBX 206 ($3.47) to GBX 216 ($3.64) in a research note on Monday, May 19th. They now have a “neutral” rating on the stock. Finally, analysts at N+1 Singer reiterated a “buy” rating on shares of ITE Group plc in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. ITE Group plc presently has a consensus rating of “Buy” and an average target price of GBX 287.57 ($4.84).
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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