Liberum Capital Reaffirms Buy Rating for ITV plc (ITV)
Liberum Capital restated their buy rating on shares of ITV plc (LON:ITV) in a research report released on Wednesday morning. The firm currently has a GBX 320 ($4.17) price objective on the broadcaster’s stock.
Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) decreased their price objective on shares of ITV plc from GBX 237 ($3.09) to GBX 228 ($2.97) and set a buy rating for the company in a report on Friday, July 14th. J P Morgan Chase & Co reiterated a neutral rating on shares of ITV plc in a report on Tuesday, July 18th. Shore Capital reiterated a buy rating on shares of ITV plc in a report on Wednesday, May 10th. Deutsche Bank AG reiterated a hold rating and set a GBX 180 ($2.34) price objective on shares of ITV plc in a report on Tuesday, July 18th. Finally, Kepler Capital Markets decreased their price objective on shares of ITV plc from GBX 200 ($2.60) to GBX 175 ($2.28) and set a reduce rating for the company in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. ITV plc has a consensus rating of Hold and an average price target of GBX 211.71 ($2.76).
Shares of ITV plc (LON ITV) opened at 169.40 on Wednesday. The stock’s market cap is GBX 6.79 billion. The firm has a 50-day moving average of GBX 177.23 and a 200-day moving average of GBX 196.65. ITV plc has a one year low of GBX 156.24 and a one year high of GBX 221.76.
The firm also recently announced a dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, October 26th will be given a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 1.43%.
In other news, insider Ian Griffiths sold 269,755 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.59), for a total transaction of £536,812.45 ($699,065.57). Also, insider Peter Bazalgette bought 11,968 shares of the stock in a transaction dated Friday, June 30th. The shares were acquired at an average price of GBX 182 ($2.37) per share, for a total transaction of £21,781.76 ($28,365.36).
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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