ITV plc (ITV) Receives Consensus Recommendation of “Buy” from Analysts
Shares of ITV plc (LON:ITV) have been assigned a consensus rating of “Buy” from the twenty-four ratings firms that are covering the company. 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. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 238.67 ($2.96).
Several equities analysts recently issued reports on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 330 ($4.09) price objective on shares of ITV plc in a research report on Friday, November 25th. JPMorgan Chase & Co. decreased their price objective on ITV plc from GBX 233 ($2.89) to GBX 225 ($2.79) and set an “overweight” rating for the company in a research report on Friday, November 18th. Jefferies Group reiterated a “buy” rating on shares of ITV plc in a research report on Wednesday, November 16th. Haitong Bank decreased their price objective on ITV plc from GBX 210 ($2.61) to GBX 180 ($2.23) and set a “neutral” rating for the company in a research report on Friday, November 11th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 185 ($2.30) price objective on shares of ITV plc in a research report on Friday, November 11th.
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In other ITV plc news, insider Anna Manz acquired 27,282 shares of ITV plc stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average cost of GBX 182 ($2.26) per share, with a total value of £49,653.24 ($61,596.87). Also, insider Crozier,Adam sold 500,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.48), for a total value of £1,000,000 ($1,240,540.88).
ITV plc (LON:ITV) opened at 171.20 on Friday. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10. The firm’s market cap is GBX 6.87 billion. The firm’s 50-day moving average price is GBX 170.18 and its 200 day moving average price is GBX 189.91.
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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