Liberum Capital Reiterates “Buy” Rating for ITV plc (ITV)
Liberum Capital reissued their buy rating on shares of ITV plc (LON:ITV) in a research report released on Wednesday. The brokerage currently has a GBX 320 ($4.13) price objective on the broadcaster’s stock.
Several other analysts have also issued reports on ITV. Citigroup Inc. reiterated a buy rating on shares of ITV plc in a report on Tuesday, May 9th. Shore Capital restated a buy rating on shares of ITV plc in a research note on Wednesday, May 10th. Numis Securities Ltd restated an add rating and issued a GBX 230 ($2.97) price objective on shares of ITV plc in a research note on Wednesday, May 10th. Barclays PLC restated an equal weight rating and issued a GBX 200 ($2.58) price objective on shares of ITV plc in a research note on Thursday, May 11th. Finally, J P Morgan Chase & Co restated a neutral rating and issued a GBX 218 ($2.82) price objective (down previously from GBX 233 ($3.01)) on shares of ITV plc in a research note on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 211.71 ($2.73).
ITV plc (ITV) opened at 160.60 on Wednesday. ITV plc has a one year low of GBX 152.40 and a one year high of GBX 221.76. The stock’s 50 day moving average price is GBX 167.93 and its 200-day moving average price is GBX 190.62. The firm’s market cap is GBX 6.44 billion.
ITV plc (LON:ITV) last released its earnings results on Wednesday, July 26th. The broadcaster reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. ITV plc had a return on equity of 69.69% and a net margin of 14.13%. Analysts forecast that ITV plc will post $15.56 earnings per share for the current year.
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The firm 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 bought 11,968 shares of ITV plc stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of GBX 182 ($2.35) per share, for a total transaction of £21,781.76 ($28,130.91).
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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