ITV (LON:ITV) Given New GBX 82 Price Target at JPMorgan Chase & Co.

ITV (LON:ITV) had its price target cut by JPMorgan Chase & Co. from GBX 85 to GBX 82 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a neutral rating on the broadcaster’s stock.

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 85 price target on shares of ITV in a report on Monday, August 3rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 83.50.

ITV Stock Performance

LON:ITV opened at GBX 72 on Friday. The firm’s fifty day simple moving average is GBX 76.73 and its 200-day simple moving average is GBX 78.98. The company has a quick ratio of 0.83, a current ratio of 1.18 and a debt-to-equity ratio of 52.95. The stock has a market cap of £2.69 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of -0.53 and a beta of 0.81. ITV has a fifty-two week low of GBX 65.70 and a fifty-two week high of GBX 87.35.

ITV (LON:ITV) last issued its earnings results on Friday, July 31st. The broadcaster reported GBX 2.20 earnings per share (EPS) for the quarter. ITV had a net margin of 6.57% and a return on equity of 13.15%. Analysts expect that ITV will post 1120 earnings per share for the current fiscal year.

ITV announced that its board has authorized a share buyback plan on Friday, July 31st that permits the company to buyback 0 shares. This buyback authorization permits the broadcaster to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

ITV Company Profile

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.