ITV plc (ITV) Given “Buy” Rating at Liberum Capital
Liberum Capital reissued their buy rating on shares of ITV plc (LON:ITV) in a research note published on Wednesday morning. The firm currently has a GBX 360 ($4.70) target price on the broadcaster’s stock.
A number of other analysts have also issued reports on the company. Societe Generale lowered ITV plc to a sell rating and cut their target price for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a research report on Friday, June 24th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 228 ($2.98) target price on shares of ITV plc in a research report on Monday, June 27th. BNP Paribas reissued a neutral rating and issued a GBX 200 ($2.61) target price on shares of ITV plc in a research report on Wednesday, September 28th. Peel Hunt reissued a buy rating and issued a GBX 330 ($4.31) target price on shares of ITV plc in a research report on Friday, August 26th. Finally, Barclays PLC cut their target price on ITV plc from GBX 200 ($2.61) to GBX 190 ($2.48) and set an equal weight rating on the stock in a research report on Monday. 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 has a consensus rating of Hold and a consensus price target of GBX 249.42 ($3.26).
Shares of ITV plc (LON:ITV) traded up 0.7221% during mid-day trading on Wednesday, hitting GBX 185.0265. The stock had a trading volume of 12,534,315 shares. The stock’s 50-day moving average is GBX 195.91 and its 200 day moving average is GBX 206.70. ITV plc has a 12 month low of GBX 141.00 and a 12 month high of GBX 279.10. The firm’s market cap is GBX 7.42 billion.
The company also recently announced a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be given a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.22%.
In other ITV plc news, insider Crozier,Adam sold 500,000 shares of ITV plc stock in a transaction 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). Also, insider Peter Bazalgette purchased 11,875 shares of the firm’s stock in a transaction on Friday, September 30th. The stock was bought at an average price of GBX 183 ($2.39) per share, for a total transaction of £21,731.25 ($28,366.07).
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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