ITE Group plc (ITE) Price Target Lowered to GBX 150 at Peel Hunt

ITE Group plc (LON:ITE) had its price target reduced by Peel Hunt from GBX 160 ($2.09) to GBX 150 ($1.96) in a research note published on Monday. Peel Hunt currently has a hold rating on the stock.

Several other brokerages have also recently weighed in on ITE. Canaccord Genuity upped their target price on ITE Group plc from GBX 145 ($1.89) to GBX 150 ($1.96) and gave the stock a hold rating in a report on Wednesday, July 13th. Numis Securities Ltd reiterated a buy rating and issued a GBX 204 ($2.66) target price on shares of ITE Group plc in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 165 ($2.15).

Analyst Recommendations for ITE Group plc (LON:ITE)

ITE Group plc (LON:ITE) traded up 1.12% during midday trading on Monday, reaching GBX 158.50. The company had a trading volume of 146,217 shares. ITE Group plc has a 1-year low of GBX 118.06 and a 1-year high of GBX 181.25. The firm has a 50-day moving average of GBX 167.22 and a 200 day moving average of GBX 151.96. The company’s market capitalization is GBX 402.28 million.

About ITE Group plc

ITE Group PLC is a United Kingdom-based company, which is engaged in organizing business-to-business (B2B) exhibitions and conferences. The Company specializes in organizing events in growing and developing markets. The Company organizes around 240 exhibitions and conferences across the world with events and brands in different industry sectors.

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