ITV plc (ITV) PT Raised to GBX 240
ITV plc (LON:ITV) had its price objective increased by Credit Suisse Group AG from GBX 200 ($2.61) to GBX 240 ($3.13) in a research report released on Wednesday morning. They currently have an outperform rating on the broadcaster’s stock.
A number of other analysts have also recently issued reports on the company. Liberum Capital restated a buy rating and set a GBX 360 ($4.70) price objective on shares of ITV plc in a research report on Monday, September 12th. Morgan Stanley restated an equal weight rating and set a GBX 240 ($3.13) price objective on shares of ITV plc in a research report on Thursday, September 1st. Deutsche Bank AG reiterated a hold rating and issued a GBX 200 ($2.61) price target on shares of ITV plc in a research report on Friday, August 26th. Peel Hunt reiterated a buy rating and issued a GBX 330 ($4.31) price target on shares of ITV plc in a research report on Friday, August 26th. Finally, Haitong Bank upped their price target on ITV plc from GBX 185 ($2.41) to GBX 210 ($2.74) and gave the company a neutral rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. ITV plc has an average rating of Hold and an average target price of GBX 249.83 ($3.26).
Shares of ITV plc (LON:ITV) opened at 194.10 on Wednesday. The company’s market capitalization is GBX 7.79 billion. The company’s 50 day moving average is GBX 199.32 and its 200-day moving average is GBX 210.84. ITV plc has a 52 week low of GBX 141.00 and a 52 week high of GBX 279.10.
The business also recently disclosed a dividend, which will be paid on Monday, November 28th. Shareholders of record on Thursday, October 27th will be issued a dividend of GBX 2.40 ($0.03) per share. This represents a yield of 1.22%. The ex-dividend date is Thursday, October 27th.
In related news, insider Bazalgette,Peter acquired 7,692 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was purchased at an average cost of GBX 175 ($2.28) per share, with a total value of £13,461 ($17,570.81). Also, insider Crozier,Adam sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.61), for a total value of £1,000,000 ($1,305,312.62).
ITV plc Company Profile
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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