ITV (ITV) Lowered to “Equal weight” at Barclays
Barclays downgraded shares of ITV (LON:ITV) to an equal weight rating in a report published on Thursday. The firm currently has GBX 180 ($2.49) price target on the broadcaster’s stock, down from their prior price target of GBX 200 ($2.76).
A number of other research analysts have also recently commented on ITV. Numis Securities reiterated an add rating and issued a GBX 190 ($2.63) price target on shares of ITV in a research note on Wednesday, February 28th. Shore Capital reiterated a buy rating on shares of ITV in a research note on Wednesday, February 28th. Morgan Stanley restated an overweight rating and issued a GBX 230 ($3.18) price objective on shares of ITV in a report on Wednesday, February 21st. Citigroup restated a buy rating and issued a GBX 220 ($3.04) price objective on shares of ITV in a report on Wednesday, February 21st. Finally, Liberum Capital restated a buy rating and issued a GBX 310 ($4.28) price objective on shares of ITV in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 195.93 ($2.71).
ITV (ITV) opened at GBX 153.25 ($2.12) on Thursday. ITV has a 12 month low of GBX 142.80 ($1.97) and a 12 month high of GBX 221.76 ($3.06). The company has a market capitalization of $6,170.00 and a price-to-earnings ratio of 1,532.50.
The firm also recently declared a dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, April 12th will be issued a dividend of GBX 5.28 ($0.07) per share. This is an increase from ITV’s previous dividend of $2.52. This represents a yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 12th.
In other ITV news, insider Roger Faxon purchased 1,950 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was purchased at an average cost of GBX 164 ($2.27) per share, for a total transaction of £3,198 ($4,418.35). Also, insider Mary Harris purchased 2,013 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were acquired at an average price of GBX 167 ($2.31) per share, with a total value of £3,361.71 ($4,644.53).
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ITV 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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