Hyve Group Plc (LON:HYVE) Receives GBX 180 Average PT from Brokerages

Hyve Group Plc (LON:HYVEGet Rating) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 180 ($2.27).

Separately, Citigroup reiterated a “buy” rating and set a GBX 210 ($2.64) target price on shares of Hyve Group in a research note on Wednesday.

LON:HYVE opened at GBX 88 ($1.11) on Wednesday. The firm has a market capitalization of £256.64 million and a price-to-earnings ratio of -12.05. The company has a quick ratio of 0.52, a current ratio of 0.62 and a debt-to-equity ratio of 88.37. Hyve Group has a 12-month low of GBX 43.86 ($0.55) and a 12-month high of GBX 158.20 ($1.99). The stock’s 50 day moving average price is GBX 77.22 and its two-hundred day moving average price is GBX 87.87.

In other news, insider John Gulliver acquired 86,114 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were bought at an average price of GBX 57 ($0.72) per share, with a total value of £49,084.98 ($61,765.42).

Hyve Group Company Profile (Get Rating)

Hyve Group Plc engages in the organization of trade exhibitions, conferences, and related activities. It operates in the United Kingdom, Asia, Eastern and Southern Europe, Russia, the United States, and internationally. The company was formerly known as ITE Group plc and changed its name to Hyve Group Plc in September 2019.

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