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.

Analyst Recommendations for ITV plc (LON:ITV)

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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