ITV plc (ITV) Earns “Buy” Rating from Peel Hunt
Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on ITV plc from GBX 233 ($2.89) to GBX 225 ($2.79) and set an overweight rating on the stock in a research note on Friday, November 18th. Jefferies Group restated a buy rating on shares of ITV plc in a research note on Wednesday, November 16th. Haitong Bank dropped their target price on ITV plc from GBX 210 ($2.61) to GBX 180 ($2.23) and set a neutral rating on the stock in a research note on Friday, November 11th. BNP Paribas reiterated a neutral rating and set a GBX 185 ($2.30) price target on shares of ITV plc in a research note on Friday, November 11th. Finally, Deutsche Bank AG dropped their price target on ITV plc from GBX 190 ($2.36) to GBX 180 ($2.23) and set a hold rating on the stock in a research note on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of GBX 240.30 ($2.98).
Shares of ITV plc (LON:ITV) opened at 167.60 on Friday. The company’s 50 day moving average price is GBX 170.18 and its 200 day moving average price is GBX 189.91. The stock’s market capitalization is GBX 6.72 billion. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 279.10.
In related news, insider Anna Manz purchased 27,282 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of GBX 182 ($2.26) per share, for a total transaction of £49,653.24 ($61,596.87). Also, insider Peter Bazalgette purchased 11,875 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was bought at an average price of GBX 183 ($2.27) per share, with a total value of £21,731.25 ($26,958.50).
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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