ITV plc’s (ITV) “Buy” Rating Reiterated at Shore Capital
Several other research analysts have also issued reports on ITV. Goldman Sachs Group, Inc. (The) lowered their price target on shares of ITV plc from GBX 256 ($3.40) to GBX 237 ($3.14) and set a buy rating for the company in a report on Monday, June 5th. Liberum Capital restated a buy rating and set a GBX 340 ($4.51) price target on shares of ITV plc in a report on Wednesday, June 7th. Macquarie reiterated an outperform rating and issued a GBX 260 ($3.45) price objective on shares of ITV plc in a research note on Monday, June 12th. Deutsche Bank AG reiterated a hold rating and issued a GBX 180 ($2.39) price objective on shares of ITV plc in a research note on Monday, June 19th. Finally, Morgan Stanley upgraded shares of ITV plc to an overweight rating and set a GBX 230 ($3.05) price objective for the company in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. ITV plc currently has a consensus rating of Hold and a consensus price target of GBX 207.71 ($2.76).
Shares of ITV plc (LON ITV) opened at 177.20 on Monday. ITV plc has a 52 week low of GBX 152.40 and a 52 week high of GBX 221.76. The firm has a 50-day moving average of GBX 163.47 and a 200 day moving average of GBX 185.38. The company’s market cap is GBX 7.11 billion.
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The company also recently disclosed 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. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 26th.
In related news, insider Mary Harris purchased 1,945 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of GBX 172 ($2.28) per share, with a total value of £3,345.40 ($4,437.46).
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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