ITE Group plc Given Consensus Recommendation of “Buy” by Brokerages (LON:ITE)
Shares of ITE Group plc (LON:ITE) have received an average rating of “Buy” from the eight ratings firms that are covering the stock, Analyst Ratings Network reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 287.57 ($4.93).
Shares of ITE Group plc (LON:ITE) opened at 227.60 on Tuesday. 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 232.1 and its 200-day moving average is GBX 247.6. The company’s market cap is £560.7 million.
ITE has been the subject of a number of recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of ITE Group plc in a research note on Thursday, July 3rd. They now have a GBX 216 ($3.70) price target on the stock. Separately, 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 ($4.75) price target on the stock. Finally, 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 ($4.46) price target on the stock.
ITE Group plc is engaged in the organization of trade exhibitions, conferences and related activities.
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