Peel Hunt Reiterates “Hold” Rating for ITE Group plc (LON:ITE)

ITE Group plc (LON:ITE)‘s stock had its “hold” rating reaffirmed by equities researchers at Peel Hunt in a research note issued on Thursday, July 13th. They currently have a GBX 150 ($1.95) price objective on the stock. Peel Hunt’s target price indicates a potential downside of 15.49% from the company’s current price.

A number of other equities analysts also recently commented on ITE. Canaccord Genuity boosted their price objective on shares of ITE Group plc from GBX 160 ($2.08) to GBX 172 ($2.24) and gave the stock a “hold” rating in a research note on Tuesday, April 4th. N+1 Singer reissued a “hold” rating and issued a GBX 161 ($2.10) price objective on shares of ITE Group plc in a research note on Tuesday, May 16th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 204 ($2.66) price objective on shares of ITE Group plc in a research note on Thursday, May 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 169 ($2.20).

Shares of ITE Group plc (LON ITE) opened at 177.50 on Thursday. The stock’s market cap is GBX 463.42 million. The company has a 50 day moving average price of GBX 161.17 and a 200 day moving average price of GBX 161.77. ITE Group plc has a 1-year low of GBX 127.28 and a 1-year high of GBX 185.75.

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In other ITE Group plc news, insider Andrew Beach purchased 15,000 shares of ITE Group plc stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of GBX 167 ($2.17) per share, with a total value of £25,050 ($32,621.44).

About ITE Group plc

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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