ITV (ITV) Shares Up 0.6%
ITV plc (LON:ITV) shot up 0.6% on Thursday . The company traded as high as GBX 166.90 ($2.25) and last traded at GBX 166.30 ($2.24). 16,646,579 shares changed hands during trading, a decline of 22% from the average session volume of 21,300,000 shares. The stock had previously closed at GBX 165.27 ($2.22).
A number of research firms have weighed in on ITV. Kepler Capital Markets reiterated a “hold” rating and set a GBX 175 ($2.36) price target on shares of ITV in a research note on Wednesday, November 15th. Liberum Capital reiterated a “buy” rating and set a GBX 330 ($4.44) price target on shares of ITV in a research note on Tuesday, October 3rd. Deutsche Bank reiterated a “hold” rating and set a GBX 180 ($2.42) price target on shares of ITV in a research note on Wednesday, November 15th. Goldman Sachs Group reiterated a “buy” rating and set a GBX 224 ($3.01) price target on shares of ITV in a research note on Friday, September 22nd. Finally, Macquarie downgraded shares of ITV to an “underperform” rating and decreased their price target for the stock from GBX 200 ($2.69) to GBX 110 ($1.48) in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 208.28 ($2.80).
In related news, insider Mary Harris purchased 1,945 shares of ITV stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of GBX 172 ($2.31) per share, for a total transaction of £3,345.40 ($4,502.56).
ITV Company Profile
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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