ITE Group (LON:ITE) Given Add Rating at Peel Hunt

ITE Group (LON:ITE)‘s stock had its “add” rating reiterated by equities researchers at Peel Hunt in a research note issued on Monday, April 1st, ThisIsMoney.Co.Uk reports. They currently have a GBX 80 ($1.05) price objective on the stock, up from their prior price objective of GBX 75 ($0.98). Peel Hunt’s price target suggests a potential upside of 9.59% from the company’s current price.

LON:ITE traded up GBX 0.40 ($0.01) during trading hours on Monday, hitting GBX 73 ($0.95). The company’s stock had a trading volume of 75,603 shares, compared to its average volume of 242,645. The firm has a market capitalization of $536.60 million and a PE ratio of -45.63. The company has a debt-to-equity ratio of 40.74, a current ratio of 0.86 and a quick ratio of 0.69. ITE Group has a 52-week low of GBX 55.40 ($0.72) and a 52-week high of GBX 98.87 ($1.29).

ITE Group Company Profile

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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