ITV plc (ITV) PT Lowered to GBX 190
ITV plc (LON:ITV) had its target price reduced by Barclays PLC from GBX 200 ($2.61) to GBX 190 ($2.48) in a research report report published on Monday morning. They currently have an equal weight rating on the broadcaster’s stock.
Other analysts also recently issued research reports about the stock. Liberum Capital reaffirmed a buy rating and set a GBX 360 ($4.70) price target on shares of ITV plc in a report on Monday, September 19th. BNP Paribas reaffirmed a neutral rating and set a GBX 200 ($2.61) price target on shares of ITV plc in a report on Wednesday, September 28th. Peel Hunt reaffirmed 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 downgraded shares of ITV plc to a sell rating and cut their price target for the stock from GBX 280 ($3.65) to GBX 180 ($2.35) in a report on Friday, June 24th. Finally, 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 for the company in a report on Friday, July 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. ITV plc currently has a consensus rating of Hold and a consensus target price of GBX 249.42 ($3.26).
Shares of ITV plc (LON:ITV) opened at 184.00 on Monday. The firm’s 50-day moving average is GBX 195.57 and its 200-day moving average is GBX 206.54. 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 7.38 billion.
The company also recently disclosed a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be given a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, October 27th.
In related news, insider Peter Bazalgette bought 11,875 shares of the business’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of GBX 183 ($2.39) per share, with a total value of £21,731.25 ($28,366.07). Also, insider Crozier,Adam sold 500,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.61), for a total transaction 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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