ITV plc’s (ITV) Hold Rating Reiterated at Deutsche Bank AG
ITV plc (LON:ITV)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 180 ($2.35) target price on the broadcaster’s stock. Deutsche Bank AG’s price objective points to a potential upside of 1.52% from the stock’s current price.
Other research analysts have also issued research reports about the company. Liberum Capital reiterated a “buy” rating and set a GBX 340 ($4.44) target price on shares of ITV plc in a research report on Wednesday, April 26th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 240 ($3.13) target price on shares of ITV plc in a research report on Tuesday, April 25th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 260 ($3.40) target price on shares of ITV plc in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 256 ($3.34) target price (down previously from GBX 257 ($3.36)) on shares of ITV plc in a research report on Wednesday, April 12th. Finally, Shore Capital reiterated a “buy” rating on shares of ITV plc in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. ITV plc presently has an average rating of “Hold” and a consensus target price of GBX 218.45 ($2.85).
ITV plc (ITV) opened at 177.00 on Tuesday. The firm’s 50-day moving average is GBX 188.10 and its 200 day moving average is GBX 202.00. The stock’s market cap is GBX 7.10 billion. ITV plc has a one year low of GBX 156.24 and a one year high of GBX 221.76.
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In other news, insider Peter Bazalgette bought 11,968 shares of the stock in a transaction on Friday, June 30th. The shares were bought at an average price of GBX 182 ($2.38) per share, with a total value of £21,781.76 ($28,443.14). Also, insider Ian Griffiths sold 269,755 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.60), for a total value of £536,812.45 ($700,982.57).
About ITV plc
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
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