ITE Group plc (ITE) Price Target Lowered to GBX 195 at Numis Securities Ltd
ITE Group plc (LON:ITE) had its price target lowered by Numis Securities Ltd from GBX 204 ($2.66) to GBX 195 ($2.55) in a research note issued to investors on Monday morning. Numis Securities Ltd currently has a buy rating on the stock.
Other equities analysts have also recently issued reports about the stock. Peel Hunt restated a buy rating and issued a GBX 160 ($2.09) target price on shares of ITE Group plc in a research report on Tuesday, July 12th. Canaccord Genuity lifted their price target on shares of ITE Group plc from GBX 145 ($1.89) to GBX 150 ($1.96) and gave the company a hold rating in a report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 165 ($2.15).
ITE Group plc (LON:ITE) traded up 1.12% during midday trading on Monday, reaching GBX 158.50. 146,217 shares of the company’s stock traded hands. The firm’s market cap is GBX 402.28 million. ITE Group plc has a 1-year low of GBX 118.06 and a 1-year high of GBX 181.25. The stock’s 50 day moving average price is GBX 167.22 and its 200 day moving average price is GBX 151.96.
About ITE Group plc
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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