Barclays PLC Lowers ITV plc (ITV) Price Target to GBX 180
ITV plc (LON:ITV) had its target price decreased by Barclays PLC from GBX 190 ($2.37) to GBX 180 ($2.25) in a report issued on Friday. The brokerage presently has an “equal weight” rating on the broadcaster’s stock. Barclays PLC’s target price suggests a potential upside of 7.33% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 230 ($2.87) price objective on shares of ITV plc in a research report on Thursday, July 28th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 218 ($2.72) target price on shares of ITV plc in a research report on Thursday, July 28th. Shore Capital reissued a “buy” rating on shares of ITV plc in a research report on Wednesday, July 27th. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.12) target price on shares of ITV plc in a research report on Wednesday, July 27th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 375 ($4.69) target price on shares of ITV plc in a research report on Wednesday, July 27th. One 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. The stock presently has an average rating of “Buy” and a consensus price target of GBX 240.35 ($3.00).
Shares of ITV plc (LON:ITV) opened at 167.70 on Friday. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10. The firm’s 50-day moving average is GBX 174.81 and its 200-day moving average is GBX 193.86. The company’s market cap is GBX 6.73 billion.
In other news, insider Anna Manz bought 27,282 shares of the stock in a transaction dated Friday, October 7th. The shares were bought at an average cost of GBX 182 ($2.27) per share, with a total value of £49,653.24 ($62,035.53). Also, insider Crozier,Adam sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.50), for a total value of £1,000,000 ($1,249,375.31).
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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