ITE Group plc (ITE) Stock Rating Reaffirmed by Canaccord Genuity
ITE Group plc (LON:ITE)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity in a report released on Tuesday. They currently have a GBX 160 ($1.98) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 8.84% from the stock’s current price.
A number of other analysts have also recently commented on the company. Peel Hunt dropped their price objective on ITE Group plc from GBX 160 ($1.98) to GBX 150 ($1.86) and set a “hold” rating for the company in a research report on Monday, October 3rd. Numis Securities Ltd lowered their price target on ITE Group plc from GBX 204 ($2.53) to GBX 195 ($2.42) and set a “buy” rating for the company in a report on Monday, October 3rd. Finally, N+1 Singer lifted their price target on 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 165 ($2.05).
Shares of 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 has a 50-day moving average of GBX 145.47 and a 200 day moving average of GBX 151.84. The firm’s market cap is GBX 373.09 million.
The company also recently announced 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 represents a dividend yield of 2.04%. This is a boost from ITE Group plc’s previous dividend of $1.50.
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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