ITV plc (ITV) Earns “Outperform” Rating from Macquarie
Macquarie reiterated their outperform rating on shares of ITV plc (LON:ITV) in a research note issued to investors on Thursday morning. Macquarie currently has a GBX 255 ($3.15) price objective on the broadcaster’s stock.
A number of other analysts also recently issued reports on ITV. Jefferies Group LLC reaffirmed a buy rating on shares of ITV plc in a report on Wednesday, November 16th. JPMorgan Chase & Co. dropped their price target on shares of ITV plc from GBX 233 ($2.88) to GBX 225 ($2.78) and set an overweight rating on the stock in a report on Friday, November 18th. Peel Hunt reaffirmed a buy rating and set a GBX 330 ($4.08) price target on shares of ITV plc in a report on Friday, November 25th. Liberum Capital reaffirmed a buy rating and set a GBX 340 ($4.20) price target on shares of ITV plc in a report on Wednesday, December 7th. Finally, Shore Capital reaffirmed a buy rating on shares of ITV plc in a report on Monday, December 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 231.23 ($2.86).
Shares of ITV plc (LON:ITV) opened at 209.00 on Thursday. ITV plc has a 1-year low of GBX 141.00 and a 1-year high of GBX 246.20. The stock has a 50 day moving average price of GBX 205.73 and a 200-day moving average price of GBX 191.76. The firm’s market cap is GBX 8.38 billion.
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The business also recently announced a dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, April 27th will be paid a dividend of GBX 9.80 ($0.12) per share. This is a positive change from ITV plc’s previous dividend of $2.40. This represents a dividend yield of 4.63%. The ex-dividend date is Thursday, April 27th.
In related news, insider Peter Bazalgette bought 10,638 shares of the stock in a transaction dated Friday, December 30th. The stock was purchased at an average cost of GBX 204 ($2.52) per share, with a total value of £21,701.52 ($26,801.93).
About ITV plc
ITV plc (ITV) is an integrated producer broadcaster. Its segments include Broadcast & Online and ITV Studios. Its Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting. In addition to linear broadcast, the Company delivers its content on multiple platforms, including the ITV Hub and pay platforms or through direct content deals.
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