Stock Rating Runner: Analysts at Canaccord Genuity Reconfirmed their “Hold” rating for ITE Group PLC (LON:ITE) with GBX 160.00 Price Objective

November 29, 2016 - By Peter Erickson

ITE Group PLC (LON:ITE) Rating

Equity analysts at Canaccord Genuity have GBX 160.00 PT on ITE Group PLC (LON:ITE). Canaccord Genuity’s PT gives a potential upside of 8.75% from the company’s close price. The rating was shown in an analyst note on 29 November.

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 stock has “Buy” rating given by Investec on Wednesday, January 13. The stock has “Hold” rating given by Canaccord Genuity on Thursday, January 28. The firm has “Buy” rating by Numis Securities given on Tuesday, July 12. The company was maintained on Thursday, January 28 by Peel Hunt. Numis Securities maintained it with “Buy” rating and GBX 230 target price in Friday, November 6 report. The stock of ITE Group plc (LON:ITE) earned “Buy” rating by Investec on Tuesday, December 1. Peel Hunt maintained the shares of ITE in a report on Wednesday, December 16 with “Buy” rating. The rating was maintained by Canaccord Genuity on Monday, October 3 with “Hold”. The firm has “Buy” rating given on Tuesday, December 1 by Peel Hunt. The rating was maintained by Peel Hunt on Tuesday, November 29 with “Hold”.

About 232,893 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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