ITE Group plc (ITE) Price Target Increased to GBX 160 by Analysts at N+1 Singer
ITE Group plc (LON:ITE) had its price target hoisted by stock analysts at N+1 Singer from GBX 137 ($1.79) to GBX 160 ($2.09) in a report released on Monday. The firm presently has a “hold” rating on the stock. N+1 Singer’s price target suggests a potential downside of 1.54% from the company’s previous close.
Several other research firms also recently issued reports on ITE. Peel Hunt downgraded shares of ITE Group plc to a “hold” rating and set a GBX 160 ($2.09) price target for the company. in a research note on Friday, September 2nd. Numis Securities Ltd lowered their target price on shares of ITE Group plc from GBX 204 ($2.66) to GBX 195 ($2.55) and set a “buy” rating for the company in a research note on Monday. Finally, Canaccord Genuity lifted their target price on shares of ITE Group plc from GBX 145 ($1.89) to GBX 150 ($1.96) and gave the stock a “hold” rating in a research note on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. ITE Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 163 ($2.13).
ITE Group plc (LON:ITE) opened at 157.25 on Monday. The stock’s 50 day moving average is GBX 167.83 and its 200-day moving average is GBX 151.66. The firm’s market capitalization is GBX 399.11 million. ITE Group plc has a 1-year low of GBX 118.06 and a 1-year high of GBX 181.25.
ITE Group plc Company Profile
ITE Group PLC is a United Kingdom-based company, which is engaged in organizing business-to-business (B2B) exhibitions and conferences. The Company specializes in organizing events in growing and developing markets. The Company organizes around 240 exhibitions and conferences across the world with events and brands in different industry sectors.
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