ITV plc’s (ITV) “Buy” Rating Reaffirmed at Liberum Capital
Liberum Capital reissued their buy rating on shares of ITV plc (LON:ITV) in a research note issued to investors on Monday morning. They currently have a GBX 360 ($4.70) price objective on the broadcaster’s stock.
A number of other equities research analysts have also recently commented on ITV. Peel Hunt reiterated a buy rating and set a GBX 330 ($4.31) price target on shares of ITV plc in a report on Friday, August 26th. Societe Generale cut shares of ITV plc to a sell rating and cut their price target for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a report on Friday, June 24th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 228 ($2.98) price target on shares of ITV plc in a report on Monday, June 27th. Credit Suisse Group AG cut their price target on shares of ITV plc from GBX 255 ($3.33) to GBX 200 ($2.61) and set an outperform rating on the stock in a report on Friday, July 1st. Finally, BNP Paribas increased their price target on shares of ITV plc from GBX 260 ($3.39) to GBX 270 ($3.52) and gave the company a neutral rating in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 249.83 ($3.26).
Shares of ITV plc (LON:ITV) opened at 190.8787 on Monday. The company’s market cap is GBX 7.66 billion. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10. The firm’s 50-day moving average is GBX 199.27 and its 200-day moving average is GBX 210.22.
The firm also recently announced a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be given a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, October 27th.
In other ITV plc news, insider Bazalgette,Peter bought 7,692 shares of ITV plc stock in a transaction dated Thursday, June 30th. The stock was acquired at an average cost of GBX 175 ($2.28) per share, for a total transaction of £13,461 ($17,570.81). Also, insider Crozier,Adam sold 500,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.61), for a total transaction of £1,000,000 ($1,305,312.62).
About ITV plc
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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