Liberum Capital Reaffirms “Buy” Rating for ITV plc (ITV)
Liberum Capital reiterated their buy rating on shares of ITV plc (LON:ITV) in a research note released on Thursday, StockTargetPrices.com reports. Liberum Capital currently has a GBX 320 ($4.14) target price on the broadcaster’s stock.
A number of other equities research analysts also recently issued reports on the stock. Credit Suisse Group reiterated an outperform rating on shares of ITV plc in a research note on Friday, July 21st. Citigroup Inc. reiterated a buy rating on shares of ITV plc in a research note on Tuesday, May 9th. Morgan Stanley upgraded shares of ITV plc to an overweight rating and set a GBX 230 ($2.97) price objective on the stock in a research note on Friday, June 23rd. Jefferies Group LLC reiterated a buy rating on shares of ITV plc in a research note on Wednesday, July 19th. Finally, Shore Capital reiterated a buy rating on shares of ITV plc in a research note on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 211.71 ($2.74).
ITV plc (ITV) opened at 156.70 on Thursday. The company’s market capitalization is GBX 6.28 billion. ITV plc has a one year low of GBX 152.40 and a one year high of GBX 221.76. The company’s 50-day moving average is GBX 170.30 and its 200 day moving average is GBX 192.34.
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The company also recently declared a dividend, which will be paid on Monday, November 27th. Shareholders of record on Thursday, October 26th will be issued a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 1.43%.
In other news, insider Peter Bazalgette purchased 11,968 shares of the stock in a transaction on Friday, June 30th. The stock was purchased at an average price of GBX 182 ($2.35) per share, for a total transaction of £21,781.76 ($28,170.93).
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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