Jefferies Group Reiterates Buy Rating for ITV plc (ITV)
ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research note issued to investors on Wednesday.
Several other research firms have also weighed in on ITV. Liberum Capital reaffirmed a “buy” rating and issued a GBX 360 ($4.50) target price on shares of ITV plc in a report on Tuesday, September 6th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 200 ($2.50) price target on shares of ITV plc in a research report on Friday, August 26th. Peel Hunt reiterated a “buy” rating and set a GBX 330 ($4.12) price target on shares of ITV plc in a research report on Friday, August 26th. Morgan Stanley reiterated an “equal weight” rating and set a GBX 240 ($3.00) price target on shares of ITV plc in a research report on Thursday, September 1st. Finally, Haitong Bank upped their price target on shares of ITV plc from GBX 185 ($2.31) to GBX 210 ($2.62) and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 240.35 ($3.00).
ITV plc (LON:ITV) opened at 170.60 on Wednesday. The stock’s market capitalization is GBX 6.84 billion. The stock has a 50 day moving average of GBX 173.74 and a 200 day moving average of GBX 192.87. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 279.10.
In other ITV plc news, insider Crozier,Adam sold 500,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.50), for a total transaction of £1,000,000 ($1,249,375.31). Also, insider Anna Manz purchased 27,282 shares of the business’s stock in a transaction on Friday, October 7th. The shares were acquired at an average cost of GBX 182 ($2.27) per share, with a total value of £49,653.24 ($62,035.53).
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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