Peel Hunt Cuts ITE Group plc (ITE) Price Target to GBX 150
ITE Group plc (LON:ITE) had its price objective dropped by investment analysts at Peel Hunt from GBX 160 ($2.09) to GBX 150 ($1.96) in a report released on Monday. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s target price suggests a potential downside of 7.69% from the company’s previous close.
Several other equities analysts have also recently issued reports on ITE. Numis Securities Ltd reiterated a “buy” rating and set a GBX 204 ($2.66) price target on shares of ITE Group plc in a research report on Tuesday, July 12th. 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 report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 162.80 ($2.13).
ITE Group plc (LON:ITE) opened at 156.0001 on Monday. The stock’s market capitalization is GBX 395.94 million. The stock has a 50 day moving average price of GBX 167.83 and a 200-day moving average price of GBX 151.67. ITE Group plc has a 12-month low of GBX 118.06 and a 12-month high of GBX 181.25.
ITE Group plc Company Profile
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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