Numis Securities Ltd Cuts ITE Group plc (ITE) Price Target to GBX 195
ITE Group plc (LON:ITE) had its price target decreased by equities research analysts at Numis Securities Ltd from GBX 204 ($2.66) to GBX 195 ($2.55) in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 20.00% from the company’s current price.
Several other research analysts also recently weighed in on ITE. Peel Hunt lowered their target price on ITE Group plc from GBX 160 ($2.09) to GBX 150 ($1.96) and set a “hold” rating on the stock in a research note on Monday. Canaccord Genuity lifted their price target on ITE Group plc from GBX 145 ($1.89) to GBX 150 ($1.96) and gave the company a “hold” rating in a research note on Wednesday, July 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. ITE Group plc has a consensus rating of “Hold” and a consensus target price of GBX 161 ($2.10).
Shares of ITE Group plc (LON:ITE) opened at 157.09 on Monday. The firm has a 50 day moving average price of GBX 167.83 and a 200-day moving average price of GBX 151.66. The firm’s market capitalization is GBX 398.70 million. ITE Group plc has a 52 week low of GBX 118.06 and a 52 week high of GBX 181.25.
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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