ITV plc (LON:ITV) Upgraded to “Overweight” by Morgan Stanley
Morgan Stanley upgraded shares of ITV plc (LON:ITV) to an overweight rating in a report released on Friday, June 23rd, Marketbeat reports. Morgan Stanley currently has GBX 230 ($2.98) price target on the broadcaster’s stock.
Other analysts have also recently issued reports about the stock. Shore Capital reaffirmed a buy rating and set a GBX 202 ($2.62) price target on shares of ITV plc in a research report on Thursday, February 23rd. Berenberg Bank reissued a hold rating and issued a GBX 200 ($2.59) price objective on shares of ITV plc in a research report on Thursday, February 23rd. Numis Securities Ltd reissued an add rating and issued a GBX 230 ($2.98) price objective on shares of ITV plc in a research report on Thursday, February 23rd. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 235 ($3.04) price target on shares of ITV plc in a research report on Monday, February 27th. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 340 ($4.40) price target on shares of ITV plc in a research report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company’s stock. ITV plc presently has an average rating of Hold and an average price target of GBX 219.14 ($2.84).
ITV plc (LON:ITV) traded down 1.30% during midday trading on Friday, hitting GBX 175.00. The company had a trading volume of 10,006,501 shares. The stock’s market capitalization is GBX 7.02 billion. ITV plc has a 52 week low of GBX 156.24 and a 52 week high of GBX 221.76. The stock has a 50 day moving average price of GBX 188.10 and a 200-day moving average price of GBX 202.00.
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In other ITV plc news, insider Ian Griffiths sold 269,755 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.58), for a total value of £536,812.45 ($695,352.91). Also, insider Peter Bazalgette purchased 11,968 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were acquired at an average cost of GBX 182 ($2.36) per share, with a total value of £21,781.76 ($28,214.72).
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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