ITE Group plc (ITE) Raises Dividend to GBX 3 Per Share
ITE Group plc (LON:ITE) declared a dividend on Tuesday, November 29th. Stockholders of record on Thursday, December 29th will be given a dividend of GBX 3 ($0.04) per share on Monday, February 6th. This represents a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from ITE Group plc’s previous dividend of $1.50. The official announcement can be accessed at this link.
Shares of ITE Group plc (LON:ITE) traded down 2.65% during mid-day trading on Tuesday, reaching GBX 146.75. 299,135 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 372.46 million. The company’s 50-day moving average price is GBX 145.47 and its 200-day moving average price is GBX 151.84. ITE Group plc has a one year low of GBX 118.06 and a one year high of GBX 181.25.
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A number of research firms have recently weighed in on ITE. Peel Hunt cut shares of ITE Group plc to a “hold” rating and set a GBX 160 ($1.98) price target on the stock. in a report on Friday, September 2nd. N+1 Singer raised their price target on shares of ITE Group plc from GBX 137 ($1.70) to GBX 160 ($1.98) and gave the company a “hold” rating in a report on Monday, October 3rd. Numis Securities Ltd lowered their target price on shares of ITE Group plc from GBX 204 ($2.53) to GBX 195 ($2.42) and set a “buy” rating for the company in a research note on Monday, October 3rd. Finally, Canaccord Genuity lifted their target price on shares of ITE Group plc from GBX 150 ($1.86) to GBX 160 ($1.98) and gave the stock a “hold” rating in a research note on Monday, October 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 165 ($2.05).
About ITE Group plc
ITE Group PLC is a United Kingdom-based company, which is engaged in organizing business-to-business (B2B) 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.
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