Deutsche Bank Reiterates “Hold” Rating for ITV (ITV)
Several other equities analysts also recently weighed in on ITV. Liberum Capital reaffirmed a buy rating and issued a GBX 310 ($4.28) target price on shares of ITV in a research report on Monday, February 26th. Barclays downgraded ITV to an equal weight rating and dropped their target price for the company from GBX 200 ($2.76) to GBX 180 ($2.49) in a research report on Thursday. Numis Securities reaffirmed an add rating and issued a GBX 190 ($2.63) target price on shares of ITV in a research report on Wednesday, February 28th. Societe Generale reaffirmed a sell rating and issued a GBX 150 ($2.07) target price on shares of ITV in a research report on Friday, January 26th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a GBX 230 ($3.18) target price on shares of ITV in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 195.93 ($2.71).
Shares of ITV (ITV) opened at GBX 153 ($2.11) on Thursday. The stock has a market cap of $6,170.00 and a PE ratio of 1,530.00. ITV has a fifty-two week low of GBX 142.80 ($1.97) and a fifty-two week high of GBX 221.76 ($3.06).
The business also recently disclosed a dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, April 12th will be given a dividend of GBX 5.28 ($0.07) per share. The ex-dividend date is Thursday, April 12th. This is an increase from ITV’s previous dividend of $2.52. This represents a dividend yield of 3.4%.
In related news, insider Roger Faxon acquired 1,950 shares of the stock in a transaction dated Friday, December 29th. The stock was acquired at an average cost of GBX 164 ($2.27) per share, with a total value of £3,198 ($4,418.35). Also, insider Mary Harris acquired 2,013 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were bought at an average cost of GBX 167 ($2.31) per share, with a total value of £3,361.71 ($4,644.53).
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
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