ITV plc’s (LON:ITV) Buy Rating Reaffirmed at Jefferies Group LLC
ITV plc (LON:ITV)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a report released on Wednesday.
A number of other research firms have also recently commented on ITV. Deutsche Bank AG reissued a “hold” rating and set a GBX 180 ($2.35) target price on shares of ITV plc in a research report on Thursday, May 4th. Barclays PLC reissued an “equal weight” rating and set a GBX 200 ($2.61) target price on shares of ITV plc in a research report on Thursday, May 11th. Citigroup Inc. reissued a “buy” rating on shares of ITV plc in a research report on Tuesday, May 9th. Morgan Stanley raised shares of ITV plc to an “overweight” rating and set a GBX 230 ($3.00) target price for the company in a research report on Friday, June 23rd. Finally, J P Morgan Chase & Co reissued a “neutral” rating on shares of ITV plc in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. ITV plc presently has a consensus rating of “Hold” and a consensus target price of GBX 218.45 ($2.85).
ITV plc (ITV) opened at 177.50 on Wednesday. The company has a 50-day moving average of GBX 181.03 and a 200-day moving average of GBX 200.03. ITV plc has a one year low of GBX 156.24 and a one year high of GBX 221.76. The stock’s market capitalization is GBX 7.12 billion.
In other news, insider Peter Bazalgette purchased 11,968 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average price of GBX 182 ($2.38) per share, for a total transaction of £21,781.76 ($28,443.14). Also, insider Ian Griffiths sold 269,755 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.60), for a total transaction of £536,812.45 ($700,982.57).
About ITV plc
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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