ITE Group (ITE) Given Buy Rating at Numis Securities

Numis Securities restated their buy rating on shares of ITE Group (LON:ITE) in a report released on Thursday. They currently have a GBX 220 ($2.98) price target on the stock.

Several other analysts have also commented on the company. Peel Hunt reaffirmed a reduce rating and issued a GBX 160 ($2.17) price objective on shares of ITE Group in a report on Thursday. Canaccord Genuity reaffirmed a hold rating and issued a GBX 182 ($2.47) price objective on shares of ITE Group in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. ITE Group currently has a consensus rating of Hold and an average target price of GBX 176.20 ($2.39).

Shares of ITE Group (ITE) opened at GBX 174.40 ($2.37) on Thursday. ITE Group has a fifty-two week low of GBX 148 ($2.01) and a fifty-two week high of GBX 197 ($2.67). The company has a market capitalization of $470.16 and a price-to-earnings ratio of -5,813.33.

The business also recently declared a dividend, which will be paid on Monday, February 5th. Shareholders of record on Thursday, January 4th will be issued a dividend of GBX 2.50 ($0.03) per share. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from ITE Group’s previous dividend of $1.50.

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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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