ITV plc (ITV) Given New GBX 225 Price Target at JPMorgan Chase & Co.
ITV plc (LON:ITV) had its price objective decreased by JPMorgan Chase & Co. from GBX 233 ($2.91) to GBX 225 ($2.81) in a report released on Friday morning. JPMorgan Chase & Co. currently has an overweight rating on the broadcaster’s stock.
A number of other research firms have also recently weighed in on ITV. Liberum Capital reaffirmed a buy rating and set a GBX 360 ($4.50) price objective on shares of ITV plc in a research report on Tuesday, September 6th. Deutsche Bank AG reissued a hold rating and issued a GBX 200 ($2.50) price target on shares of ITV plc in a research report on Friday, August 26th. Peel Hunt reissued a buy rating and issued a GBX 330 ($4.12) price target on shares of ITV plc in a research report on Friday, August 26th. Morgan Stanley reissued an equal weight rating and issued a GBX 240 ($3.00) price target on shares of ITV plc in a research report on Thursday, September 1st. Finally, Haitong Bank raised 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 240.30 ($3.00).
Shares of ITV plc (LON:ITV) traded down 2.12% during midday trading on Friday, hitting GBX 166.40. 9,598,945 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 172.98 and a 200 day moving average of GBX 192.42. The firm’s market cap is GBX 6.67 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 Crozier,Adam sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.50), for a total value of £1,000,000 ($1,249,375.31). Also, insider Peter Bazalgette acquired 11,875 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was purchased at an average cost of GBX 183 ($2.29) per share, with a total value of £21,731.25 ($27,150.49).
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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