Liberum Capital Reiterates “Buy” Rating for ITV plc (ITV)
ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a report issued on Monday. They presently have a GBX 330 ($4.34) target price on the broadcaster’s stock. Liberum Capital’s price target indicates a potential upside of 122.22% from the stock’s previous close.
ITV has been the topic of several other research reports. Shore Capital restated a “buy” rating on shares of ITV plc in a report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of ITV plc in a report on Wednesday, September 13th. Citigroup Inc. restated a “buy” rating on shares of ITV plc in a report on Monday, November 13th. Deutsche Bank AG restated a “hold” rating and set a GBX 180 ($2.37) price objective on shares of ITV plc in a report on Wednesday, October 18th. Finally, upgraded shares of ITV plc to a “buy” rating and boosted their price objective for the stock from GBX 200 ($2.63) to GBX 210 ($2.76) in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 210.68 ($2.77).
ITV plc (LON:ITV) opened at GBX 148.50 ($1.95) on Monday. ITV plc has a twelve month low of GBX 142.80 ($1.88) and a twelve month high of GBX 221.76 ($2.92).
In related news, insider Mary Harris bought 1,945 shares of ITV plc stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of GBX 172 ($2.26) per share, for a total transaction of £3,345.40 ($4,400.11).
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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