Ratings Change: Analysts at N+1 Singer Maintained their Hold rating for ITE Group PLC (LON:ITE) with GBX 160.00 TP

November 29, 2016 - By Peter Kolinski

ITE Group PLC (LON:ITE) Rating

In an analyst note shared with investors and clients on Tuesday, 29 November, ITE Group PLC (LON:ITE) stock had its Hold Rating reaffirmed by research professionals at N+1 Singer. They currently have a GBX 160.00 TP on firm. N+1 Singer’s target would indicate a potential upside of 8.75% from the company’s last close price.

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 firm has “Hold” rating given on Tuesday, December 1 by Canaccord Genuity. Canaccord Genuity maintained ITE Group plc (LON:ITE) on Sunday, October 4 with “Hold” rating. Investec maintained the shares of ITE in a report on Thursday, December 3 with “Buy” rating. N+1 Singer maintained ITE Group plc (LON:ITE) rating on Monday, November 16. N+1 Singer has “Hold” rating and GBX 150 price target. The stock of ITE Group plc (LON:ITE) earned “Hold” rating by Peel Hunt on Monday, October 3. As per Thursday, October 6, the company rating was maintained by Peel Hunt. The stock has “Buy” rating given by Numis Securities on Friday, November 6. Investec maintained the stock with “Buy” rating in Wednesday, January 13 report. On Thursday, January 28 the stock rating was maintained by Peel Hunt with “Buy”. Numis Securities maintained it with “Buy” rating and GBX 204 target price in Monday, May 9 report.

About 232,415 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.

Another recent and important ITE Group plc (LON:ITE) news was published by Rttnews.com which published an article titled: “ITE Group Q4 revenues flat; backs weak revenue forecast for FY16 – Quick Facts” on October 03, 2016.

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