Peel Hunt Lowers ITE Group plc (ITE) Price Target to GBX 150
ITE Group plc (LON:ITE) had its price target dropped by analysts at Peel Hunt from GBX 160 ($2.09) to GBX 150 ($1.96) in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the stock. Peel Hunt’s target price indicates a potential downside of 4.15% from the stock’s previous close.
A number of other equities analysts have also commented on the company. Canaccord Genuity raised their price target on ITE Group plc from GBX 145 ($1.89) to GBX 150 ($1.96) and gave the stock a “hold” rating in a report on Wednesday, July 13th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 204 ($2.66) price target on shares of ITE Group plc in a report on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 165 ($2.15).
ITE Group plc (LON:ITE) opened at 157.90 on Monday. ITE Group plc has a 52-week low of GBX 118.06 and a 52-week high of GBX 181.25. The firm’s 50 day moving average price is GBX 166.71 and its 200 day moving average price is GBX 151.88. The firm’s market cap is GBX 400.76 million.
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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