ITV plc (ITV) Earns Buy Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of ITV plc (LON:ITV) in a research report report published on Monday morning. They currently have a GBX 330 ($4.34) target price on the broadcaster’s stock.
A number of other equities analysts also recently commented on ITV. Macquarie reiterated an outperform rating and set a GBX 260 ($3.42) price objective on shares of ITV plc in a research report on Monday, June 12th. Deutsche Bank AG reiterated a hold rating and set a GBX 180 ($2.37) price objective on shares of ITV plc in a research report on Monday, June 19th. Morgan Stanley upgraded ITV plc to an overweight rating and set a GBX 230 ($3.02) price objective on the stock in a research report on Friday, June 23rd. J P Morgan Chase & Co reduced their price objective on ITV plc from GBX 218 ($2.87) to GBX 204 ($2.68) and set a neutral rating on the stock in a research report on Tuesday, July 4th. Finally, Citigroup Inc. reiterated a buy rating and set a GBX 225 ($2.96) price objective on shares of ITV plc in a research report on Friday, July 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 207.71 ($2.73).
ITV plc (LON:ITV) opened at 173.50 on Monday. The company’s market cap is GBX 6.96 billion. ITV plc has a 52-week low of GBX 152.40 and a 52-week high of GBX 221.76. The stock’s 50 day moving average price is GBX 164.78 and its 200 day moving average price is GBX 184.26.
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The business also recently announced a dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, October 26th will be issued 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%.
In related news, insider Mary Harris bought 1,945 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of GBX 172 ($2.26) per share, for a total transaction of £3,345.40 ($4,398.37).
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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