Insider Buying: ITV plc (ITV) Insider Purchases 11,875 Shares of Stock
ITV plc (LON:ITV) insider Peter Bazalgette purchased 11,875 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of GBX 183 ($2.39) per share, with a total value of £21,731.25 ($28,366.07).
ITV plc (LON:ITV) traded down 1.82% on Monday, reaching GBX 183.80. The company’s stock had a trading volume of 13,742,575 shares. The company’s market cap is GBX 7.37 billion. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 279.10. The firm’s 50-day moving average price is GBX 197.24 and its 200 day moving average price is GBX 208.37.
The firm also recently announced a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be given a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.22%.
A number of research analysts have recently commented on ITV shares. Liberum Capital reiterated a “buy” rating and set a GBX 360 ($4.70) price target on shares of ITV plc in a report on Monday, September 19th. BNP Paribas restated a “neutral” rating and issued a GBX 200 ($2.61) target price on shares of ITV plc in a research note on Wednesday, September 28th. Peel Hunt restated a “buy” rating and issued a GBX 330 ($4.31) target price on shares of ITV plc in a research note on Friday, August 26th. Societe Generale lowered ITV plc to a “sell” rating and cut their target price for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a research note on Friday, June 24th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 228 ($2.98) target price on shares of ITV plc in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 249.42 ($3.26).
About ITV plc
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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