ITV plc’s (ITV) “Buy” Rating Reaffirmed at Liberum Capital
A number of other equities analysts have also weighed in on the stock. Peel Hunt reiterated a buy rating and issued a GBX 330 ($4.31) price objective on shares of ITV plc in a research report on Friday, August 26th. Societe Generale lowered shares of ITV plc to a sell rating and lowered their price objective for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a research report on Friday, June 24th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 228 ($2.98) price objective on shares of ITV plc in a research report on Monday, June 27th. Credit Suisse Group AG lowered their price objective 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 research report on Friday, July 1st. Finally, BNP Paribas lifted their price objective on shares of ITV plc from GBX 260 ($3.39) to GBX 270 ($3.52) and gave the company a neutral rating in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. ITV plc currently has an average rating of Hold and an average target price of GBX 249.83 ($3.26).
Shares of ITV plc (LON:ITV) opened at 190.8787 on Monday. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10. The company has a 50 day moving average of GBX 199.27 and a 200-day moving average of GBX 210.22. The stock’s market cap is GBX 7.66 billion.
The firm also recently announced a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend 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 bought 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 that occurred on Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.61), for a total value of £1,000,000 ($1,305,312.62).
ITV plc Company Profile
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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