ITE Group plc (LON:ITE) had its price objective lowered by equities research analysts at Peel Hunt from GBX 180 ($2.59) to GBX 160 ($2.30) in a report issued on Thursday, Market Beat.com reports. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s target price indicates a potential upside of 13.48% from the company’s previous close.

Shares of ITE Group plc (LON:ITE) traded up 1.08% on Thursday, reaching GBX 141.00. The company’s stock had a trading volume of 1,747,817 shares. The firm’s market cap is GBX 357.87 million. ITE Group plc has a 1-year low of GBX 125.00 and a 1-year high of GBX 204.75. The company’s 50 day moving average is GBX 146.61 and its 200-day moving average is GBX 152.36.

The business also recently declared a dividend, which will be paid on Monday, February 8th. Investors of record on Thursday, January 7th will be given a dividend of GBX 4.90 ($0.07) per share. The ex-dividend date of this dividend is Thursday, January 7th. This represents a yield of 3.31%.

In other ITE Group plc news, insider Jones,Neil sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of GBX 148 ($2.13), for a total value of £22,200 ($31,937.85).

Several other research analysts have also recently weighed in on ITE. Canaccord Genuity reduced their price objective on ITE Group plc from GBX 195 ($2.81) to GBX 164 ($2.36) and set a “hold” rating for the company in a research report on Monday, October 5th. N+1 Singer reaffirmed a “hold” rating and set a GBX 150 ($2.16) price objective on shares of ITE Group plc in a research report on Monday, November 16th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 215 ($3.09) price objective on shares of ITE Group plc in a research report on Wednesday, December 2nd. Finally, Investec reaffirmed a “buy” rating and set a GBX 180 ($2.59) price objective (down from GBX 190 ($2.73)) on shares of ITE Group plc in a research report on Tuesday, December 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 169.67 ($2.44).

ITE Group PLC is a United Kingdom-based company, which is engaged in organizing business-to-business (LON:ITE) exhibitions and conferences. The Company specializes in organizing events in growing and developing markets. The Company organizes around 240 exhibitions and conferences across the world with events and brands in different industry sectors. The Company offers its services to industry sectors, such as build and interiors, travel and tourism, transport and logistics, security and protection, engineering and industrial technology, electronic and electrical technology, healthcare and medical, mining, beauty and cosmetics, automotive, construction and machinery, agriculture, books and publishing, business services, chemicals and coatings, cleaning and hygiene, education and careers, furniture, food ingredients and technology, and others. The Company has operations in Russia, Central Asia and Caucasus, Eastern and Southern Europe, the United Kingdom and Western Europe, and Asia.

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