Rating Change: ITE Group PLC (LON:ITE) “Buy” Rating Maintained by Numis; The Price Target Given is GBX 195.00

November 29, 2016 - By Richard Conner

ITE Group PLC (LON:ITE) Rating

The broker have set target price per share of GBX 195.00 on ITE Group PLC (LON:ITE) shares. This is 32.54% from the previous close. In analysts note revealed to investors on Tuesday, 29 November, Numis reiterated their “Buy” rating on shares of ITE.

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 12.24% above today’s (GBX 147) stock price. ITE Group PLC has been the topic of 32 analyst reports since October 1, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, November 3 by Peel Hunt. Numis Securities maintained it with “Buy” rating and GBX 204 target price in Monday, May 9 report. Peel Hunt maintained the stock with “Hold” rating in Tuesday, November 29 report. Peel Hunt maintained ITE Group plc (LON:ITE) on Monday, October 3 with “Hold” rating. Peel Hunt maintained it with “Buy” rating and GBX 160 target price in Tuesday, May 17 report. The company was downgraded on Friday, September 2 by Peel Hunt. The rating was maintained by Numis Securities on Thursday, January 28 with “Buy”. The firm has “Buy” rating by Peel Hunt given on Monday, May 9. Investec maintained it with “Buy” rating and GBX 180 target price in Wednesday, January 13 report. The stock of ITE Group plc (LON:ITE) has “Buy” rating given on Thursday, October 1 by Numis Securities.

About 234,733 shares traded hands. ITE Group plc (LON:ITE) has declined 2.90% since April 29, 2016 and is downtrending. It has underperformed by 8.16% 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 385.35 million GBP. The Firm specializes in organizing events in growing and developing markets. It has a 14.46 P/E ratio. The Firm organizes around 240 exhibitions and conferences across the world with events and brands in different industry sectors.

More news for ITE Group plc (LON:ITE) were recently published by: Rttnews.com, which released: “ITE Group Q4 revenues flat; backs weak revenue forecast for FY16 – Quick Facts” on October 03, 2016. Fool.Co.Uk‘s article titled: “Emerging market weakness sends ITE Group plc profits down 20%” and published on November 29, 2016 is yet another important article.

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