ITE Group plc (ITE) Receives “Hold” Rating from N+1 Singer
Several other equities analysts also recently commented on the stock. Peel Hunt decreased their price target on shares of ITE Group plc from GBX 160 ($1.98) to GBX 150 ($1.86) and set a hold rating on the stock in a research note on Monday, October 3rd. Numis Securities Ltd decreased their price target on shares of 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. Finally, Canaccord Genuity upped their price target on shares of ITE Group plc from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the company a hold rating in a research note on Monday, October 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 165 ($2.05).
Shares of ITE Group plc (LON:ITE) opened at 147.00 on Tuesday. The firm’s market cap is GBX 373.09 million. ITE Group plc has a 12 month low of GBX 118.06 and a 12 month high of GBX 181.25. The stock’s 50 day moving average is GBX 145.47 and its 200 day moving average is GBX 151.84.
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The business also recently announced a dividend, which will be paid on Monday, February 6th. Stockholders of record on Thursday, December 29th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, December 29th. This represents a dividend yield of 2.04%. This is a boost from ITE Group plc’s previous dividend of $1.50.
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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