ITE Group plc (LON:ITE) Rating Reiterated by Peel Hunt
ITE Group plc (LON:ITE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued on Monday. They currently have a GBX 150 ($1.95) price objective on the stock. Peel Hunt’s price objective suggests a potential downside of 15.85% from the company’s previous close.
A number of other equities research analysts have also recently commented on ITE. Canaccord Genuity increased their price objective on shares of ITE Group plc from GBX 160 ($2.08) to GBX 172 ($2.24) and gave the company a “hold” rating in a research note on Tuesday, April 4th. N+1 Singer reissued a “hold” rating and issued a GBX 161 ($2.10) price objective on shares of ITE Group plc in a research note on Tuesday, April 4th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 204 ($2.66) price objective on shares of ITE Group plc in a research note on Tuesday, April 4th. Finally, Investec reissued a “hold” rating and issued a GBX 158 ($2.06) price objective on shares of ITE Group plc in a research note on Thursday, July 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 169 ($2.20).
ITE Group plc (LON ITE) opened at 176.50 on Monday. The stock has a 50 day moving average of GBX 157.49 and a 200 day moving average of GBX 161.12. ITE Group plc has a 1-year low of GBX 127.28 and a 1-year high of GBX 181.25. The stock’s market capitalization is GBX 460.81 million.
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In other news, insider Andrew Beach purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of GBX 167 ($2.18) per share, with a total value of £25,050 ($32,634.18).
ITE Group plc Company Profile
ITE Group plc is engaged in the organization of international trade exhibitions and conferences. The Company’s geographical segments include Russia, Central Asia, Eastern and Southern Europe, Asia and Rest of the World. The Company specializes in producing exhibitions and conferences that advance business and economic development by connecting buyers and suppliers from around the world.
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