ITV plc (ITV) Given New GBX 190 Price Target at Barclays PLC
ITV plc (LON:ITV) had its target price decreased by Barclays PLC from GBX 200 ($2.61) to GBX 190 ($2.48) in a research report sent to investors on Monday. Barclays PLC currently has an equal weight rating on the broadcaster’s stock.
Several other analysts have also weighed in on the stock. Societe Generale lowered shares of ITV plc to a sell rating and decreased their target price for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a research report on Friday, June 24th. Liberum Capital reiterated a buy rating and set a GBX 375 ($4.89) target price on shares of ITV plc in a research report on Monday, June 27th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 228 ($2.98) price target on shares of ITV plc in a report on Monday, June 27th. BNP Paribas reissued a neutral rating and set a GBX 200 ($2.61) price target on shares of ITV plc in a report on Wednesday, September 28th. Finally, Peel Hunt reissued a buy rating and set a GBX 330 ($4.31) price target on shares of ITV plc in a report on Friday, August 26th. One 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. The stock presently has an average rating of Hold and an average target price of GBX 249.42 ($3.26).
Shares of ITV plc (LON:ITV) traded up 1.85% during mid-day trading on Monday, reaching GBX 187.20. 12,656,502 shares of the company were exchanged. ITV plc has a 12 month low of GBX 141.00 and a 12 month high of GBX 279.10. The firm has a 50-day moving average price of GBX 196.78 and a 200 day moving average price of GBX 207.49. The stock’s market capitalization is GBX 7.51 billion.
The business also recently declared a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be paid a GBX 2.40 ($0.03) dividend. The ex-dividend date is Thursday, October 27th. This represents a dividend yield of 1.22%.
In related news, insider Peter Bazalgette purchased 11,875 shares of ITV plc stock in a transaction dated Friday, September 30th. The shares were bought at an average cost of GBX 183 ($2.39) per share, for a total transaction of £21,731.25 ($28,366.07). Also, insider Crozier,Adam sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.61), for a total transaction of £1,000,000 ($1,305,312.62).
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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