ITV’s (ITV) Hold Rating Reaffirmed at Deutsche Bank
ITV (LON:ITV)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank in a note issued to investors on Wednesday. They presently have a GBX 180 ($2.53) price target on the broadcaster’s stock. Deutsche Bank’s price target points to a potential upside of 7.14% from the stock’s current price.
ITV has been the topic of a number of other research reports. Citigroup restated a “buy” rating on shares of ITV in a research note on Monday, November 13th. Liberum Capital restated a “buy” rating and set a GBX 330 ($4.63) price objective on shares of ITV in a research note on Monday, January 8th. Shore Capital restated a “buy” rating on shares of ITV in a research note on Tuesday, November 7th. Kepler Capital Markets restated a “hold” rating and set a GBX 175 ($2.46) price objective on shares of ITV in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. upgraded ITV to an “overweight” rating and reduced their price objective for the stock from GBX 204 ($2.86) to GBX 185 ($2.60) in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 206.41 ($2.90).
Shares of ITV (LON:ITV) opened at GBX 168 ($2.36) on Wednesday. ITV has a 1 year low of GBX 142.80 ($2.01) and a 1 year high of GBX 221.76 ($3.11). The stock has a market capitalization of $6,760.00 and a PE ratio of 1,680.00.
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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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