ITE Group (ITE) Insider Buys £305,900 in Stock

ITE Group (LON:ITE) insider Mark Shashoua bought 230,000 shares of ITE Group stock in a transaction that occurred on Thursday, May 24th. The stock was bought at an average price of GBX 133 ($1.78) per share, for a total transaction of £305,900 ($410,438.75).

Shares of ITE Group opened at GBX 136.20 ($1.83) on Friday, according to Marketbeat.com. ITE Group has a 52-week low of GBX 148 ($1.99) and a 52-week high of GBX 197 ($2.64).

ITE Group (LON:ITE) last issued its quarterly earnings results on Tuesday, May 15th. The company reported GBX 3.70 ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 3.60 ($0.05) by GBX 0.10 ($0.00). ITE Group had a negative return on equity of 26.92% and a negative net margin of 11.63%.

The firm also recently declared a dividend, which will be paid on Thursday, August 2nd. Shareholders of record on Thursday, June 7th will be paid a GBX 1.50 ($0.02) dividend. This represents a yield of 1.09%. The ex-dividend date is Thursday, June 7th.

Several brokerages recently commented on ITE. Peel Hunt reiterated an “under review” rating on shares of ITE Group in a report on Tuesday, May 15th. Canaccord Genuity reissued a “hold” rating and issued a GBX 182 ($2.44) price target on shares of ITE Group in a research note on Thursday, January 25th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 220 ($2.95) price target on shares of ITE Group in a research note on Thursday, January 25th.

About ITE Group

ITE Group plc organizes trade exhibitions and conferences worldwide. The company serves various industrial sectors, such as building and interiors; food, drink, and hospitality; oil, gas, and energy; travel and tourism; transportation and logistics; security and protection; fashion, clothing, and textiles; engineering and industrial; electronic and electrical technology; healthcare and medical; mining; beauty and cosmetics; automotive; construction and machinery; paper, print, and packaging; agriculture; aerospace; books and publishing; business services; chemicals and coatings; cleaning and hygiene; education and careers; furniture; food ingredients and technology; IT and telecoms; jewelry; leisure and work boats; lighting; plastics; real estate; sport and leisure; and woodworking and forestry.

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