ITV plc’s (ITV) “Buy” Rating Reiterated at Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of ITV plc (LON:ITV) in a research report sent to investors on Monday. The brokerage currently has a GBX 360 ($4.70) price objective on the broadcaster’s stock.
Several other equities analysts have also recently weighed in on ITV. BNP Paribas raised their target price on shares of ITV plc from GBX 260 ($3.39) to GBX 270 ($3.52) and gave the company a neutral rating in a research note on Wednesday, June 1st. JPMorgan Chase & Co. decreased their target price on shares of ITV plc from GBX 228 ($2.98) to GBX 226 ($2.95) and set an overweight rating for the company in a research note on Thursday, July 28th. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 218 ($2.85) target price on shares of ITV plc in a research note on Thursday, July 28th. Haitong Bank raised 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 report on Wednesday, August 10th. Finally, Panmure Gordon reaffirmed a buy rating and set a GBX 315 ($4.11) price target on shares of ITV plc in a report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the stock. ITV plc presently has a consensus rating of Hold and an average target price of GBX 249.83 ($3.26).
Shares of ITV plc (LON:ITV) opened at 193.587 on Monday. The stock has a 50 day moving average of GBX 199.29 and a 200 day moving average of GBX 210.33. The company’s market cap is GBX 7.76 billion. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10.
The business also recently disclosed a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be paid a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 27th.
In related news, insider Bazalgette,Peter acquired 7,692 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The shares were bought 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 ITV plc 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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