ITE Group (LON:ITE) Rating Reiterated by Peel Hunt
Peel Hunt reissued their add rating on shares of ITE Group (LON:ITE) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Separately, Numis Securities reissued a buy rating and issued a GBX 1,800 ($23.52) price target on shares of in a research note on Monday, June 3rd.
ITE traded up GBX 0.10 ($0.00) during trading on Monday, hitting GBX 73.30 ($0.96). The company’s stock had a trading volume of 186,861 shares, compared to its average volume of 242,645. ITE Group has a twelve month low of GBX 55.40 ($0.72) and a twelve month high of GBX 93.10 ($1.22). The company has a debt-to-equity ratio of 44.28, a current ratio of 0.67 and a quick ratio of 0.51. The business’s fifty day simple moving average is GBX 74.30. The stock has a market capitalization of $543.61 million and a price-to-earnings ratio of -81.44.
In other news, insider Andrew Beach bought 25,000 shares of the stock in a transaction dated Tuesday, July 9th. The shares were bought at an average cost of GBX 74 ($0.97) per share, with a total value of £18,500 ($24,173.53). Also, insider Nick Backhouse bought 50,000 shares of the stock in a transaction dated Friday, June 7th. The shares were purchased at an average cost of GBX 77 ($1.01) per share, for a total transaction of £38,500 ($50,307.07). Insiders have bought 125,000 shares of company stock worth $9,450,000 over the last ninety days.
About ITE Group
ITE Group plc organizes trade exhibitions and conferences worldwide. The company serves various industrial sectors, such as building and interiors; food, drink, and hospitality; oil, gas, and energy; travel and tourism; transportation and logistics; security and protection; fashion, clothing, and textiles; engineering and industrial; electronic and electrical technology; healthcare and medical; mining; beauty and cosmetics; automotive; construction and machinery; paper, print, and packaging; agriculture; aerospace; books and publishing; business services; chemicals and coatings; cleaning and hygiene; education and careers; furniture; food ingredients and technology; IT and telecoms; jewelry; leisure and work boats; lighting; plastics; real estate; sport and leisure; and woodworking and forestry.
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