BNP Paribas Reiterates “Neutral” Rating for ITV plc (ITV)
ITV plc (LON:ITV)‘s stock had its “neutral” rating reissued by stock analysts at BNP Paribas in a report released on Friday. They presently have a GBX 185 ($2.31) price target on the broadcaster’s stock. BNP Paribas’ target price would indicate a potential upside of 10.32% from the company’s previous close.
A number of other research firms have also issued reports on ITV. Liberum Capital reaffirmed a “buy” rating and set a GBX 360 ($4.50) target price on shares of ITV plc in a report on Tuesday, September 6th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 200 ($2.50) price objective on shares of ITV plc in a report on Friday, August 26th. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.12) price objective on shares of ITV plc in a report on Friday, August 26th. Morgan Stanley reissued an “equal weight” rating and issued a GBX 240 ($3.00) price objective on shares of ITV plc in a report on Thursday, September 1st. Finally, Haitong Bank upped their price objective on shares of ITV plc from GBX 185 ($2.31) to GBX 210 ($2.62) and gave the company a “neutral” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. ITV plc currently 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. The stock has a 50 day moving average of GBX 174.81 and a 200 day moving average of GBX 193.86. The company’s market cap is GBX 6.73 billion. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10.
In other news, insider Anna Manz purchased 27,282 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was acquired at an average price 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 ITV plc stock in a transaction 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).
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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