ITV plc (ITV) Given Buy Rating at Goldman Sachs Group, Inc. (The)
A number of other equities analysts have also recently issued reports on ITV. Liberum Capital reiterated a buy rating and issued a GBX 340 ($4.39) price target on shares of ITV plc in a research note on Monday, May 22nd. Berenberg Bank reiterated a hold rating and issued a GBX 200 ($2.58) price target on shares of ITV plc in a research note on Wednesday, May 31st. HSBC Holdings plc cut shares of ITV plc to a hold rating and dropped their price target for the stock from GBX 230 ($2.97) to GBX 215 ($2.78) in a research note on Thursday, June 1st. Macquarie reiterated an outperform rating and issued a GBX 260 ($3.36) price target on shares of ITV plc in a research note on Monday, June 12th. Finally, Deutsche Bank AG restated a hold rating and set a GBX 180 ($2.32) target price on shares of ITV plc in a research note on Monday, June 19th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of GBX 207.43 ($2.68).
ITV plc (LON ITV) traded down 1.45% during mid-day trading on Wednesday, reaching GBX 156.00. 11,757,038 shares of the company were exchanged. ITV plc has a one year low of GBX 152.40 and a one year high of GBX 221.76. The stock has a 50-day moving average price of GBX 166.00 and a 200 day moving average price of GBX 189.32. The company’s market capitalization is GBX 6.26 billion.
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The company also recently announced a dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, October 26th will be issued a GBX 2.52 ($0.03) dividend. This represents a yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 26th.
In other news, insider Peter Bazalgette bought 11,968 shares of ITV plc stock in a transaction that occurred on Friday, June 30th. The stock was bought at an average cost of GBX 182 ($2.35) per share, with a total value of £21,781.76 ($28,130.91).
ITV plc Company Profile
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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