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

Peel Hunt restated their hold rating on shares of ITE Group plc (LON:ITE) in a research note released on Monday, July 31st. The firm currently has a GBX 150 ($1.95) price objective on the stock.

ITE has been the topic of several other research reports. N+1 Singer reaffirmed a hold rating and set a GBX 161 ($2.10) price objective on shares of ITE Group plc in a research note on Tuesday, April 4th. Numis Securities Ltd raised their price objective on ITE Group plc from GBX 204 ($2.66) to GBX 210 ($2.73) and gave the stock a buy rating in a research note on Thursday, July 13th. Investec reaffirmed a hold rating and set a GBX 158 ($2.06) price objective on shares of ITE Group plc in a research note on Thursday, July 13th. Finally, Canaccord Genuity reissued a hold rating and issued a GBX 166 ($2.16) price target on shares of ITE Group plc in a research note on Thursday, July 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 169 ($2.20).

ITE Group plc (ITE) opened at 170.00 on Monday. The firm has a 50-day moving average price of GBX 162.81 and a 200 day moving average price of GBX 161.98. ITE Group plc has a 52-week low of GBX 127.28 and a 52-week high of GBX 185.75. The stock’s market cap is GBX 443.84 million.

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The business also recently disclosed a dividend, which was paid on Thursday, August 3rd. Stockholders of record on Thursday, June 8th were issued a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, June 8th.

In other ITE Group plc news, insider Andrew Beach purchased 15,000 shares of ITE Group plc stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of GBX 167 ($2.17) per share, for a total transaction 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.

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