ITV plc (ITV) Given Consensus Recommendation of “Hold” by Brokerages
ITV plc (LON:ITV) has been assigned a consensus recommendation of “Hold” from the twenty-one analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 209.41 ($2.71).
Several equities analysts have commented on ITV shares. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 180 ($2.33) price target on shares of ITV plc in a report on Tuesday, July 18th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 320 ($4.14) price target on shares of ITV plc in a report on Friday, August 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of ITV plc in a report on Tuesday, July 18th. Numis Securities Ltd cut their price target on ITV plc from GBX 230 ($2.97) to GBX 210 ($2.72) and set an “add” rating for the company in a report on Wednesday, July 26th. Finally, HSBC Holdings plc cut ITV plc to a “hold” rating and cut their price target for the company from GBX 230 ($2.97) to GBX 215 ($2.78) in a report on Thursday, June 1st.
In other news, insider Peter Bazalgette acquired 11,968 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of GBX 182 ($2.35) per share, for a total transaction of £21,781.76 ($28,170.93).
Shares of ITV plc (LON:ITV) traded up 2.55% during trading on Wednesday, reaching GBX 156.90. 28,381,120 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 172.84 and a 200 day moving average price of GBX 193.98. The stock’s market capitalization is GBX 6.29 billion. ITV plc has a 1-year low of GBX 154.20 and a 1-year high of GBX 221.76.
The company also recently disclosed a dividend, which will be paid on Monday, November 27th. Shareholders of record on Thursday, October 26th will be given a GBX 2.52 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 1.43%.
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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