ITE Group plc (ITE) Given “Buy” Rating at Numis Securities Ltd
ITE Group plc (LON:ITE)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a research note issued on Wednesday. They currently have a GBX 195 ($2.42) target price on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 32.88% from the company’s previous close.
Several other analysts have also recently issued reports on ITE. N+1 Singer restated a “hold” rating and issued a GBX 160 ($1.98) target price on shares of ITE Group plc in a report on Tuesday. Canaccord Genuity restated a “hold” rating and issued a GBX 160 ($1.98) target price on shares of ITE Group plc in a report on Tuesday. Finally, Peel Hunt cut ITE Group plc to a “hold” rating and set a GBX 160 ($1.98) target price for the company. in a report on Friday, September 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. ITE Group plc has an average rating of “Hold” and an average target price of GBX 165 ($2.05).
Shares of ITE Group plc (LON:ITE) opened at 146.75 on Wednesday. ITE Group plc has a 12-month low of GBX 118.06 and a 12-month high of GBX 181.25. The company’s market capitalization is GBX 384.69 billion. The company has a 50 day moving average price of GBX 145.47 and a 200 day moving average price of GBX 151.84.
The firm also recently declared a dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, December 29th will be issued a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from ITE Group plc’s previous dividend of $1.50. This represents a dividend yield of 2.04%.
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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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