Stock Rating: Ite Group (LON:ITE) Stock Buy Rating Reconfirmed at numis; The Target Given is GBX 195.00

November 24, 2016 - By Linda Rogers

Ite Group (LON:ITE) Rating

In a report shared with investors on Thursday, 24 November, Ite Group (LON:ITE) stock had its Buy Rating maintained by expert analysts at numis. They currently have a GBX 195.00 target price on company. numis’s target would indicate a potential upside of 29.57% from the company’s last stock close.

ITE Group plc (LON:ITE) Ratings Coverage

Out of 5 analysts covering ITE Group PLC (LON:ITE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. GBX 230 is the highest target while GBX 145 is the lowest. The GBX 165 average target is 9.63% above today’s (GBX 150.5) stock price. ITE Group PLC has been the topic of 30 analyst reports since October 1, 2015 according to StockzIntelligence Inc. The stock of ITE Group plc (LON:ITE) earned “Hold” rating by Canaccord Genuity on Tuesday, November 3. The rating was maintained by Peel Hunt on Monday, October 3 with “Hold”. On Thursday, January 28 the stock rating was maintained by Canaccord Genuity with “Hold”. N+1 Singer maintained it with “Hold” rating and GBX 160 target price in Monday, October 3 report. Canaccord Genuity maintained ITE Group plc (LON:ITE) rating on Sunday, October 4. Canaccord Genuity has “Hold” rating and GBX 164 price target. As per Friday, November 6, the company rating was maintained by Numis Securities. The stock of ITE Group plc (LON:ITE) has “Buy” rating given on Wednesday, December 16 by Peel Hunt. The stock of ITE Group plc (LON:ITE) earned “Buy” rating by Investec on Thursday, December 3. The rating was maintained by Investec with “Buy” on Tuesday, December 1. The stock of ITE Group plc (LON:ITE) earned “Buy” rating by Numis Securities on Monday, May 9.

The stock increased 3.44% or GBX 5 on November 24, hitting GBX 150.5. About 73,075 shares traded hands. ITE Group plc (LON:ITE) has declined 4.28% since April 26, 2016 and is downtrending. It has underperformed by 9.69% the S&P500.

ITE Group PLC is a United Kingdom-based company, which is engaged in organizing business-to-business exhibitions and conferences. The company has a market cap of 394.52 million GBP. The Firm specializes in organizing events in growing and developing markets. It has a 14.8 P/E ratio. The Firm organizes around 240 exhibitions and conferences across the world with events and brands in different industry sectors.

Another recent and important ITE Group plc (LON:ITE) news was published by Seekingalpha.com which published an article titled: “ITE Group – Way Too Cheap And Still Out Of Favor” on May 12, 2016.

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