ITV (ITV) Stock Rating Reaffirmed by Liberum Capital
ITV (LON:ITV)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research note issued to investors on Tuesday. They presently have a GBX 265 ($3.79) price target on the broadcaster’s stock. Liberum Capital’s price objective suggests a potential upside of 83.84% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Berenberg Bank dropped their target price on shares of ITV from GBX 200 ($2.86) to GBX 185 ($2.65) and set a “hold” rating for the company in a research report on Wednesday, February 28th. Citigroup reaffirmed a “buy” rating and issued a GBX 220 ($3.15) price target on shares of ITV in a report on Thursday, March 1st. Barclays lowered shares of ITV to an “equal weight” rating and decreased their price target for the company from GBX 200 ($2.86) to GBX 180 ($2.58) in a report on Thursday, March 1st. HSBC lowered shares of ITV to a “hold” rating and set a GBX 180 ($2.58) price target for the company. in a report on Thursday, March 1st. Finally, Shore Capital reaffirmed a “buy” rating on shares of ITV in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. ITV presently has a consensus rating of “Hold” and an average target price of GBX 189.93 ($2.72).
ITV opened at GBX 144.15 ($2.06) on Tuesday. ITV has a 1-year low of GBX 142.80 ($2.04) and a 1-year high of GBX 221.76 ($3.18).
In other news, insider Carolyn McCall bought 96,583 shares of ITV stock in a transaction on Friday, March 2nd. The stock was purchased at an average cost of GBX 154 ($2.21) per share, with a total value of £148,737.82 ($212,969.39).
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ITV Company Profile
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.
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