ITE Group plc (ITE) Earns “Hold” Rating from Peel Hunt

Peel Hunt restated their hold rating on shares of ITE Group plc (LON:ITE) in a report released on Monday morning. They currently have a GBX 155 ($2.04) price objective on the stock.

Other equities analysts have also recently issued reports about the company. Numis Securities Ltd increased their target price on ITE Group plc from GBX 204 ($2.68) to GBX 210 ($2.76) and gave the company a buy rating in a research note on Thursday, July 13th. Investec reiterated a hold rating and set a GBX 158 ($2.08) target price on shares of ITE Group plc in a research note on Thursday, July 13th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 166 ($2.18) target price on shares of ITE Group plc in a research note on Thursday, July 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 172 ($2.26).

Shares of ITE Group plc (ITE) opened at 181.00 on Monday. The stock’s 50 day moving average is GBX 177.91 and its 200 day moving average is GBX 167.68. The stock’s market cap is GBX 472.55 million. ITE Group plc has a 12 month low of GBX 127.28 and a 12 month high of GBX 190.50.

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ITE Group plc 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 plc (LON:ITE)

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