Barclays Reiterates “Equal Weight” Rating for ITV (ITV)
ITV (LON:ITV)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays in a research note issued to investors on Thursday. They presently have a GBX 170 ($2.22) price objective on the broadcaster’s stock, down from their previous price objective of GBX 180 ($2.35). Barclays’ price target would indicate a potential upside of 12.88% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of ITV in a report on Wednesday. Liberum Capital reiterated a “buy” rating and set a GBX 260 ($3.40) target price on shares of ITV in a report on Monday, November 5th. Morgan Stanley reduced their target price on shares of ITV from GBX 210 ($2.74) to GBX 190 ($2.48) and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. UBS Group reiterated a “neutral” rating and set a GBX 160 ($2.09) target price (down from GBX 165 ($2.16)) on shares of ITV in a report on Thursday, October 18th. Finally, Kepler Capital Markets restated a “hold” rating on shares of ITV in a report on Thursday, September 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 187.29 ($2.45).
ITV stock traded down GBX 0.80 ($0.01) during mid-day trading on Thursday, reaching GBX 150.60 ($1.97). 16,443,475 shares of the company’s stock were exchanged, compared to its average volume of 19,490,000. ITV has a twelve month low of GBX 142.80 ($1.87) and a twelve month high of GBX 221.76 ($2.90).
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.
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