ITE Group plc (ITE) Receives “Hold” Rating from Peel Hunt
ITE Group plc (LON:ITE)‘s stock had its “hold” rating restated by analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 150 ($1.94) price objective on the stock. Peel Hunt’s target price points to a potential downside of 15.97% from the company’s previous close.
ITE has been the topic of a number of other research reports. Canaccord Genuity reiterated a “hold” rating and issued a GBX 166 ($2.15) target price on shares of ITE Group plc in a research report on Thursday, July 13th. Investec reiterated a “hold” rating and issued a GBX 158 ($2.04) target price on shares of ITE Group plc in a research report on Thursday, July 13th. Numis Securities Ltd lifted their target price on ITE Group plc from GBX 204 ($2.64) to GBX 210 ($2.72) and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, N+1 Singer reiterated a “hold” rating and issued a GBX 161 ($2.08) target price on shares of ITE Group plc in a research report on Tuesday, May 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 169 ($2.19).
Shares of ITE Group plc (LON ITE) traded down 0.14% during midday trading on Monday, reaching GBX 178.25. 11,428 shares of the company’s stock were exchanged. ITE Group plc has a 12 month low of GBX 127.28 and a 12 month high of GBX 185.75. The stock’s market cap is GBX 465.38 million. The company’s 50 day moving average is GBX 167.62 and its 200-day moving average is GBX 162.82.
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About ITE Group plc
ITE Group plc is engaged in the organization of international trade exhibitions and conferences. The Company’s geographical segments include Russia, Central Asia, Eastern and Southern Europe, Asia and Rest of the World. The Company specializes in producing exhibitions and conferences that advance business and economic development by connecting buyers and suppliers from around the world.
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