Haitong Bank Trims ITV plc (ITV) Target Price to GBX 180
ITV plc (LON:ITV) had its price objective cut by investment analysts at Haitong Bank from GBX 210 ($2.60) to GBX 180 ($2.23) in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the broadcaster’s stock. Haitong Bank’s price objective would suggest a potential upside of 7.08% from the company’s current price.
A number of other research analysts also recently issued reports on the company. BNP Paribas reissued a “neutral” rating and issued a GBX 185 ($2.29) price objective on shares of ITV plc in a research note on Friday. Deutsche Bank AG dropped their price objective on ITV plc from GBX 190 ($2.35) to GBX 180 ($2.23) and set a “hold” rating on the stock in a research note on Friday. Barclays PLC dropped their price objective on ITV plc from GBX 190 ($2.35) to GBX 180 ($2.23) and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of ITV plc in a research note on Tuesday. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 350 ($4.34) price objective on shares of ITV plc in a research note on Friday, November 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. ITV plc currently has a consensus rating of “Buy” and a consensus target price of GBX 240.35 ($2.98).
ITV plc (LON:ITV) opened at 167.30 on Friday. The company’s market capitalization is GBX 6.71 billion. The firm has a 50-day moving average price of GBX 176.54 and a 200-day moving average price of GBX 195.02. ITV plc has a 1-year low of GBX 141.00 and a 1-year high of GBX 279.10.
In other ITV plc news, insider Peter Bazalgette acquired 11,875 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were bought at an average price of GBX 183 ($2.27) per share, for a total transaction of £21,731.25 ($26,918.43). Also, insider Crozier,Adam sold 500,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.48), for a total value of £1,000,000 ($1,238,696.89).
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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