Peel Hunt Reaffirms “Buy” Rating for ITV plc (ITV)
ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a note issued to investors on Friday. They presently have a GBX 330 ($4.12) price objective on the broadcaster’s stock. Peel Hunt’s price target would suggest a potential upside of 97.84% from the company’s current price.
Several other research firms have also recently issued reports 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 reaffirmed a “hold” rating and set a GBX 200 ($2.50) price objective on shares of ITV plc in a research report on Friday, August 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a GBX 240 ($3.00) price objective on shares of ITV plc in a research report on Thursday, September 1st. Haitong Bank upped their price objective on 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. Finally, BNP Paribas reaffirmed a “neutral” rating and set a GBX 200 ($2.50) price objective on shares of ITV plc in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. ITV plc has a consensus rating of “Buy” and an average price target of GBX 240.30 ($3.00).
Shares of ITV plc (LON:ITV) traded up 0.60% on Friday, reaching GBX 167.80. The company had a trading volume of 7,015,464 shares. ITV plc has a 52 week low of GBX 141.00 and a 52 week high of GBX 279.10. The firm’s market capitalization is GBX 6.73 billion. The company’s 50-day moving average price is GBX 171.20 and its 200 day moving average price is GBX 190.90.
In related news, insider Crozier,Adam sold 500,000 shares of the 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). Also, insider Anna Manz bought 27,282 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average cost of GBX 182 ($2.27) per share, for a total transaction of £49,653.24 ($62,035.53).
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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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