Peel Hunt downgraded shares of ITE Group (LON:ITE) to a reduce rating in a research note released on Wednesday morning. They currently have GBX 160 ($2.17) target price on the stock.

Other research analysts have also issued research reports about the stock. Numis Securities lifted their price target on shares of ITE Group from GBX 210 ($2.85) to GBX 220 ($2.98) and gave the company a buy rating in a research note on Tuesday, October 3rd. Canaccord Genuity reaffirmed a hold rating and issued a GBX 182 ($2.47) price target on shares of ITE Group in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 176.20 ($2.39).

Shares of ITE Group (LON ITE) remained flat at $GBX 174.20 ($2.36) on Wednesday. 47,492 shares of the company were exchanged, compared to its average volume of 161,138. ITE Group has a 12 month low of GBX 148 ($2.01) and a 12 month high of GBX 197 ($2.67). The stock has a market cap of $469.09 and a P/E ratio of -5,806.67.

The firm also recently disclosed a dividend, which will be paid on Monday, February 5th. Stockholders of record on Thursday, January 4th will be issued a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 4th. This is an increase from ITE Group’s previous dividend of $1.50. This represents a dividend yield of 1.38%.

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ITE Group Company Profile

ITE Group plc is engaged in the organization of international trade exhibitions and conferences. The Company’s geographical segments include Russia, Central Asia, Eastern and Southern Europe, Asia and Rest of the World. The Company specializes in producing exhibitions and conferences that advance business and economic development by connecting buyers and suppliers from around the world.

Analyst Recommendations for ITE Group (LON:ITE)

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