Peel Hunt Reaffirms Add Rating for ITE Group (ITE)

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Peel Hunt reiterated their add rating on shares of ITE Group (LON:ITE) in a research report released on Wednesday morning.

ITE opened at GBX 69.40 ($0.91) on Wednesday. ITE Group has a 1-year low of GBX 148 ($1.93) and a 1-year high of GBX 197 ($2.57).

ITE Group (LON:ITE) last posted its quarterly earnings data on Tuesday, December 4th. The company reported GBX 4.90 ($0.06) earnings per share for the quarter, missing the consensus estimate of GBX 5 ($0.07) by GBX (0.10) ($0.00).

The business also recently disclosed a dividend, which was paid on Monday, February 4th. Shareholders of record on Thursday, January 3rd were given a GBX 1 ($0.01) dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend was Thursday, January 3rd.

In related news, insider Mark Shashoua acquired 80,000 shares of the stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of GBX 60 ($0.78) per share, for a total transaction of £48,000 ($62,720.50).

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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