ITE Group’s (ITE) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of ITE Group (LON:ITE) in a report issued on Monday morning. The brokerage currently has a GBX 160 ($2.15) target price on the stock.

ITE has been the subject of a number of other research reports. Numis Securities increased their target price on shares of ITE Group from GBX 210 ($2.83) to GBX 220 ($2.96) and gave the company a buy rating in a research report on Tuesday, October 3rd. Canaccord Genuity reissued a hold rating and set a GBX 182 ($2.45) target price on shares of ITE Group in a research report on Tuesday, November 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. ITE Group has a consensus rating of Hold and an average target price of GBX 176.20 ($2.37).

Shares of ITE Group (ITE) traded up GBX 1.75 ($0.02) on Monday, hitting GBX 178.75 ($2.41). 111,882 shares of the stock traded hands, compared to its average volume of 236,307. ITE Group has a 52-week low of GBX 145 ($1.95) and a 52-week high of GBX 197 ($2.65).

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 GBX 2.50 ($0.03) dividend. The ex-dividend date is Thursday, January 4th. This represents a dividend yield of 1.38%. This is a boost from ITE Group’s previous dividend of $1.50.

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About ITE Group

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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