ITE Group plc’s “Neutral” Rating Reaffirmed at Westhouse Securities (ITE)
ITE Group plc (LON:ITE)‘s stock had its “neutral” rating restated by equities researchers at Westhouse Securities in a research report issued on Thursday. They currently have a GBX 216 ($3.68) price objective on the stock. Westhouse Securities’ price objective suggests a potential downside of 9.36% from the stock’s previous close.
ITE Group plc (LON:ITE) traded down 0.71% on Thursday, hitting GBX 236.60. 140,342 shares of the company’s stock traded hands. 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 230.0 and its 200-day moving average is GBX 250.0. The company’s market cap is £582.9 million.
The company also recently announced a dividend, which is scheduled for Thursday, August 7th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of GBX 2.50 ($0.04) per share. This represents a dividend yield of 1.11%. The ex-dividend date is Wednesday, July 2nd.
ITE has been the subject of a number of other recent research reports. Analysts at Wood & Company reiterated a “buy” rating on shares of ITE Group plc in a research note on Friday, May 30th. They now have a GBX 277 ($4.72) price target on the stock. Separately, 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 ($4.43) price target 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. ITE Group plc currently has an average rating of “Buy” and an average price target of GBX 287.57 ($4.90).
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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