Stock Rating: Ite Group (LON:ITE) Investors: Canaccord Genuity Reconfirms Hold Rating, Sees GBX 160.00/Share

November 29, 2016 - By Dolores Ford

Ite Group (LON:ITE) Rating

In a report revealed to clients on Tuesday morning, Ite Group (LON:ITE) stock Hold was maintained by Canaccord Genuity. They currently have a GBX 160.00 target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 9.03% 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 12.09% above today’s (GBX 147.2) stock price. ITE Group PLC has been the topic of 32 analyst reports since October 1, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, December 1. Investec maintained the stock with “Buy” rating in Thursday, January 28 report. The rating was maintained by Investec with “Buy” on Wednesday, January 13. The stock of ITE Group plc (LON:ITE) earned “Hold” rating by Canaccord Genuity on Tuesday, November 3. Numis Securities maintained the stock with “Buy” rating in Thursday, January 28 report. Numis Securities maintained ITE Group plc (LON:ITE) rating on Tuesday, July 12. Numis Securities has “Buy” rating and GBX 204 price target. Peel Hunt maintained ITE Group plc (LON:ITE) on Tuesday, November 29 with “Hold” rating. The stock of ITE Group plc (LON:ITE) earned “Hold” rating by N+1 Singer on Monday, November 16. The stock of ITE Group plc (LON:ITE) earned “Buy” rating by Peel Hunt on Thursday, February 11. Peel Hunt maintained ITE Group plc (LON:ITE) on Tuesday, July 12 with “Buy” rating.

The stock decreased 2.36% or GBX 3.55 on November 29, hitting GBX 147.2. About 299,135 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 385.86 million GBP. The Firm specializes in organizing events in growing and developing markets. It has a 14.48 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 Fool.Co.Uk which published an article titled: “Emerging market weakness sends ITE Group plc profits down 20%” on November 29, 2016.

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