ITE Group plc (ITE) Stock Rating Reaffirmed by Canaccord Genuity
ITE Group plc (LON:ITE)‘s stock had its “hold” rating reaffirmed by analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They presently have a GBX 160 ($1.98) price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 8.84% from the stock’s current price.
Several other equities research analysts also recently commented on the company. Peel Hunt reduced their target price on ITE Group plc from GBX 160 ($1.98) to GBX 150 ($1.86) and set a “hold” rating for the company in a report on Monday, October 3rd. Numis Securities Ltd reduced 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 report 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 company a “hold” rating in a report on Monday, October 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 165 ($2.05).
ITE Group plc (LON:ITE) opened at 147.00 on Tuesday. The company’s 50-day moving average price is GBX 145.47 and its 200 day moving average price is GBX 151.84. ITE Group plc has a 52-week low of GBX 118.06 and a 52-week high of GBX 181.25. The firm’s market capitalization is GBX 373.09 million.
The company also recently announced a dividend, which will be paid on Monday, February 6th. Shareholders of record on Thursday, December 29th will be given a GBX 3 ($0.04) dividend. This is a positive change from ITE Group plc’s previous dividend of $1.50. This represents a yield of 2.04%. The ex-dividend date is Thursday, December 29th.
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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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