ITV plc (ITV) Receives “Buy” Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of ITV plc (LON:ITV) in a research report sent to investors on Tuesday. They currently have a GBX 360 ($4.46) price objective on the broadcaster’s stock.
A number of other equities research analysts have also weighed in on ITV. Societe Generale lowered ITV plc to a sell rating and lowered their price objective for the company from GBX 280 ($3.47) to GBX 180 ($2.23) in a report on Friday, June 24th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 228 ($2.82) price objective on shares of ITV plc in a report on Monday, June 27th. BNP Paribas reaffirmed a neutral rating and issued a GBX 190 ($2.35) price objective on shares of ITV plc in a report on Monday, June 27th. Credit Suisse Group AG lowered their price objective on ITV plc from GBX 255 ($3.16) to GBX 200 ($2.48) and set an outperform rating on the stock in a report on Friday, July 1st. Finally, Barclays PLC lowered their price objective on ITV plc from GBX 225 ($2.78) to GBX 190 ($2.35) and set an equal weight rating on the stock in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. ITV plc presently has a consensus rating of Hold and an average price target of GBX 249.42 ($3.09).
Shares of ITV plc (LON:ITV) traded down 1.18% during midday trading on Tuesday, reaching GBX 175.50. The company’s stock had a trading volume of 6,265,810 shares. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10. The stock’s 50-day moving average is GBX 194.08 and its 200-day moving average is GBX 204.88. The company’s market capitalization is GBX 7.04 billion.
The company also recently announced a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be issued a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.22%.
In other news, insider Peter Bazalgette bought 11,875 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were purchased at an average price of GBX 183 ($2.26) per share, for a total transaction of £21,731.25 ($26,895.11). Also, insider Anna Manz bought 27,282 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average price of GBX 182 ($2.25) per share, for a total transaction of £49,653.24 ($61,452.03).
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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