ITV plc (ITV) Trading 2% Higher
ITV plc (LON:ITV)’s share price traded up 2% on Wednesday . The stock traded as high as GBX 159.80 ($2.06) and last traded at GBX 159.40 ($2.06). 20,285,397 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 13,785,500 shares. The stock had previously closed at GBX 156.20 ($2.02).
Several equities analysts have recently weighed in on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 320 ($4.13) price objective on shares of ITV plc in a research note on Thursday, August 31st. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 180 ($2.32) price objective on shares of ITV plc in a research note on Tuesday, July 18th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of ITV plc in a research note on Tuesday, July 18th. HSBC Holdings plc cut shares of ITV plc to a “hold” rating and lowered their price objective for the stock from GBX 230 ($2.97) to GBX 215 ($2.78) in a research note on Thursday, June 1st. Finally, Numis Securities Ltd lowered their price objective on shares of ITV plc from GBX 230 ($2.97) to GBX 210 ($2.71) and set an “add” rating on the stock in a research note on Wednesday, July 26th. 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. The company presently has an average rating of “Hold” and a consensus price target of GBX 211.71 ($2.73).
The firm’s market capitalization is GBX 6.39 billion. The firm’s 50-day moving average price is GBX 168.74 and its 200-day moving average price is GBX 191.04.
The company also recently disclosed a dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, October 26th will be paid a GBX 2.52 ($0.03) dividend. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 26th.
In other news, insider Peter Bazalgette acquired 11,968 shares of ITV plc stock in a transaction that occurred on Friday, June 30th. The stock was purchased at an average cost of GBX 182 ($2.35) per share, with a total value of £21,781.76 ($28,130.91).
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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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