Peel Hunt Reaffirms “Hold” Rating for ITE Group plc (ITE)
ITE Group plc (LON:ITE)‘s stock had its “hold” rating reissued by analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 155 ($2.05) price target on the stock. Peel Hunt’s price target would suggest a potential downside of 12.80% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Numis Securities Ltd boosted their price objective on shares of ITE Group plc from GBX 204 ($2.69) to GBX 210 ($2.77) and gave the company a “buy” rating in a report on Thursday, July 13th. Investec reissued a “hold” rating and set a GBX 158 ($2.08) price objective on shares of ITE Group plc in a report on Thursday, July 13th. Finally, Canaccord Genuity reissued a “hold” rating and set a GBX 166 ($2.19) price objective on shares of ITE Group plc in a report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 172 ($2.27).
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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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