ITV plc (ITV) Rating Reiterated by Liberum Capital
ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research note issued on Tuesday. They currently have a GBX 360 ($4.70) target price on the broadcaster’s stock. Liberum Capital’s target price would indicate a potential upside of 92.93% from the stock’s previous close.
ITV has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 330 ($4.31) target price on shares of ITV plc in a research report on Friday, August 26th. Societe Generale downgraded ITV plc to a “sell” rating and decreased their target price for the stock from GBX 280 ($3.65) to GBX 180 ($2.35) in a research report on Friday, June 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 228 ($2.98) price target on shares of ITV plc in a report on Monday, June 27th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 200 ($2.61) price target on shares of ITV plc in a report on Friday, August 26th. Finally, Credit Suisse Group AG reduced their price target on ITV plc from GBX 255 ($3.33) to GBX 200 ($2.61) and set an “outperform” rating for the company in a report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. ITV plc presently has an average rating of “Hold” and a consensus price target of GBX 249.83 ($3.26).
Shares of ITV plc (LON:ITV) opened at 186.60 on Tuesday. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10. The company has a 50 day moving average price of GBX 197.98 and a 200 day moving average price of GBX 208.68. The company’s market capitalization is GBX 7.48 billion.
The business also recently disclosed a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Crozier,Adam sold 500,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.61), for a total value of £1,000,000 ($1,305,312.62).
ITV plc Company Profile
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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