ITE Group plc (ITE) Receives Hold Rating from Peel Hunt
Other analysts have also issued reports about the stock. Numis Securities Ltd dropped 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 report on Monday, October 3rd. N+1 Singer upped their price objective on shares of ITE Group plc from GBX 137 ($1.70) to GBX 160 ($1.98) and gave the company a hold rating in a report on Monday, October 3rd. Finally, Canaccord Genuity upped their price objective 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 report on Monday, October 3rd. Three equities 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 a consensus rating of Hold and a consensus price target of GBX 165 ($2.05).
ITE Group plc (LON:ITE) opened at 147.00 on Tuesday. ITE Group plc has a one year low of GBX 118.06 and a one year high of GBX 181.25. The company’s 50-day moving average is GBX 145.47 and its 200 day moving average is GBX 151.84. The company’s market capitalization is GBX 373.09 million.
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The company also recently disclosed a dividend, which will be paid on Monday, February 6th. Investors of record on Thursday, December 29th will be given a dividend of GBX 3 ($0.04) per share. This is a boost from ITE Group plc’s previous dividend of $1.50. The ex-dividend date is Thursday, December 29th. This represents a yield of 2.04%.
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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