ITE Group plc (ITE) Price Target Raised to GBX 160
ITE Group plc (LON:ITE) had its target price upped by investment analysts at Canaccord Genuity from GBX 150 ($1.96) to GBX 160 ($2.09) in a research note issued on Monday. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 1.67% from the company’s current price.
A number of other equities analysts have also issued reports on the company. Peel Hunt reissued a “buy” rating and set a GBX 160 ($2.09) price target on shares of ITE Group plc in a report on Tuesday, July 12th. Numis Securities Ltd reissued a “buy” rating and set a GBX 204 ($2.66) price target on shares of ITE Group plc in a report on Tuesday, July 12th. Finally, N+1 Singer raised their price objective on shares of ITE Group plc from GBX 137 ($1.79) to GBX 160 ($2.09) and gave the company a “hold” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. ITE Group plc presently has an average rating of “Buy” and an average price target of GBX 165 ($2.15).
ITE Group plc (LON:ITE) traded down 3.54% during midday trading on Monday, reaching GBX 156.75. The company’s stock had a trading volume of 712,050 shares. The firm’s market capitalization is GBX 397.84 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 is GBX 167.83 and its 200 day moving average is GBX 151.66.
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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