Deutsche Bank AG Lowers ITV plc (ITV) Price Target to GBX 180
ITV plc (LON:ITV) had its price target dropped by equities research analysts at Deutsche Bank AG from GBX 190 ($2.37) to GBX 180 ($2.25) in a research note issued on Friday. The firm presently has a “hold” rating on the broadcaster’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 7.33% from the stock’s current price.
Several other equities analysts have also recently issued reports on ITV. Haitong Bank boosted their price target on shares of ITV plc from GBX 185 ($2.31) to GBX 210 ($2.62) and gave the company a “neutral” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reduced their price target on shares of ITV plc from GBX 228 ($2.85) to GBX 226 ($2.82) and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Credit Suisse Group AG boosted their price target on shares of ITV plc from GBX 200 ($2.50) to GBX 240 ($3.00) and gave the company an “outperform” rating in a research report on Wednesday, September 14th. BNP Paribas reiterated a “neutral” rating and set a GBX 200 ($2.50) price target on shares of ITV plc in a research report on Thursday, July 28th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 315 ($3.94) price target on shares of ITV plc in a research report on Tuesday, July 26th. One equities research 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 company presently has a consensus rating of “Buy” and an average price target of GBX 240.35 ($3.00).
ITV plc (LON:ITV) opened at 167.70 on Friday. The firm’s market capitalization is GBX 6.73 billion. The stock’s 50 day moving average is GBX 174.81 and its 200 day moving average is GBX 193.86. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10.
In other news, insider Peter Bazalgette bought 11,875 shares of the stock in a transaction dated Friday, September 30th. The stock was purchased at an average price of GBX 183 ($2.29) per share, for a total transaction of £21,731.25 ($27,150.49). Also, insider Anna Manz bought 27,282 shares of the stock in a transaction dated Friday, October 7th. The stock was purchased at an average price of GBX 182 ($2.27) per share, with a total value of £49,653.24 ($62,035.53).
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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