ITV’s (ITV) “Overweight” Rating Reiterated at Morgan Stanley
Morgan Stanley reiterated their overweight rating on shares of ITV plc (LON:ITV) in a research report released on Thursday morning, MarketBeat.com reports. Morgan Stanley currently has a GBX 230 ($3.03) target price on the broadcaster’s stock.
A number of other research firms have also recently issued reports on ITV. Kepler Capital Markets reduced their price objective on ITV from GBX 200 ($2.63) to GBX 175 ($2.30) and set a reduce rating for the company in a research report on Thursday, July 27th. Liberum Capital reaffirmed a buy rating and issued a GBX 320 ($4.21) price target on shares of ITV in a research report on Wednesday, September 6th. raised ITV to a buy rating and boosted their price target for the stock from GBX 200 ($2.63) to GBX 210 ($2.76) in a research report on Monday, October 16th. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 180 ($2.37) price target on shares of ITV in a research report on Wednesday, November 15th. Finally, Goldman Sachs Group Inc reaffirmed a buy rating and issued a GBX 224 ($2.95) price target on shares of ITV in a research report on Friday, September 22nd. Two investment 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).
Shares of ITV (LON:ITV) opened at GBX 150 ($1.97) on Thursday. ITV has a 12-month low of GBX 142.80 ($1.88) and a 12-month high of GBX 221.76 ($2.92).
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ITV 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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