ITV plc (ITV) Receives Average Rating of “Hold” from Analysts
ITV plc (LON:ITV) has received an average recommendation of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 225.11 ($2.85).
ITV has been the subject of several research analyst reports. Citigroup Inc. reiterated a “buy” rating on shares of ITV plc in a research report on Tuesday, May 9th. Shore Capital reissued a “buy” rating on shares of ITV plc in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 256 ($3.24) price target (down from GBX 257 ($3.25)) on shares of ITV plc in a research note on Wednesday, April 12th. J P Morgan Chase & Co lowered ITV plc to a “neutral” rating and dropped their price target for the company from GBX 235 ($2.97) to GBX 233 ($2.95) in a research note on Friday, April 7th. Finally, Macquarie increased their price target on ITV plc from GBX 255 ($3.23) to GBX 265 ($3.35) and gave the company an “outperform” rating in a research note on Monday, April 10th.
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In related news, insider Anna Manz acquired 1,054 shares of the firm’s stock in a transaction dated Friday, March 31st. The stock was acquired at an average price of GBX 212 ($2.68) per share, with a total value of £2,234.48 ($2,826.67). Also, insider Adam Crozier sold 240,534 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of GBX 210 ($2.66), for a total value of £505,121.40 ($638,989.75).
Shares of ITV plc (LON:ITV) traded down 0.17% during mid-day trading on Monday, hitting GBX 178.80. The stock had a trading volume of 22,364,224 shares. The company’s market cap is GBX 7.17 billion. ITV plc has a 12 month low of GBX 141.00 and a 12 month high of GBX 221.76. The stock’s 50-day moving average is GBX 194.48 and its 200 day moving average is GBX 201.52.
ITV plc Company Profile
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
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