ITE Group plc (ITE) Raises Dividend to GBX 3 Per Share
ITE Group plc (LON:ITE) announced a dividend on Tuesday, November 29th. Shareholders of record on Thursday, December 29th will be paid a dividend of GBX 3 ($0.04) per share on Monday, February 6th. This represents a yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from ITE Group plc’s previous dividend of $1.50. The official announcement can be accessed at this link.
Shares of ITE Group plc (LON:ITE) traded down 2.65% during mid-day trading on Tuesday, reaching GBX 146.75. 299,135 shares of the company’s stock traded hands. The firm’s market cap is GBX 372.46 million. ITE Group plc has a one year low of GBX 118.06 and a one year high of GBX 181.25. The firm’s 50-day moving average is GBX 145.47 and its 200 day moving average is GBX 151.84.
A number of analysts have issued reports on ITE shares. Numis Securities Ltd decreased their price target on ITE Group plc from GBX 204 ($2.53) to GBX 195 ($2.42) and set a “buy” rating on the stock in a research note on Monday, October 3rd. N+1 Singer reissued a “hold” rating and issued a GBX 160 ($1.98) price target on shares of ITE Group plc in a research note on Tuesday. Canaccord Genuity reissued a “hold” rating and issued a GBX 160 ($1.98) price target on shares of ITE Group plc in a research note on Tuesday. Finally, Peel Hunt reissued a “hold” rating and issued a GBX 150 ($1.86) price target on shares of ITE Group plc in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. ITE Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 165 ($2.05).
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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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