ITE Group plc (ITE) Rating Reiterated by Peel Hunt
ITE Group plc (LON:ITE)‘s stock had its “hold” rating reiterated by Peel Hunt in a research report issued on Tuesday. They currently have a GBX 150 ($1.86) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 2.04% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Numis Securities Ltd cut their target price on ITE Group plc from GBX 204 ($2.53) to GBX 195 ($2.42) and set a “buy” rating for the company in a research note on Monday, October 3rd. Canaccord Genuity upped their target price on ITE Group plc from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the stock a “hold” rating in a research note on Monday, October 3rd. Finally, N+1 Singer upped their target price on ITE Group plc from GBX 137 ($1.70) to GBX 160 ($1.98) and gave the stock a “hold” rating in a research note on Monday, October 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 165 ($2.05).
Shares of ITE Group plc (LON:ITE) opened at 147.00 on Tuesday. The firm’s market capitalization is GBX 373.09 million. ITE Group plc has a 52 week low of GBX 118.06 and a 52 week high of GBX 181.25. The company’s 50 day moving average price is GBX 145.47 and its 200-day moving average price is GBX 151.84.
The company also recently declared a dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, December 29th will be paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.04%. This is a boost from ITE Group plc’s previous dividend of $1.50. The ex-dividend date of this dividend is Thursday, December 29th.
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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