ITV (ITV) Trading Down 0%
ITV plc (LON:ITV)’s share price dropped 0% during mid-day trading on Monday . The company traded as low as GBX 165.10 ($2.22) and last traded at GBX 165.30 ($2.22). Approximately 11,062,983 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 21,270,000 shares. The stock had previously closed at GBX 165.30 ($2.22).
ITV has been the subject of a number of research reports. upgraded ITV to a “buy” rating and increased their price objective for the stock from GBX 200 ($2.69) to GBX 210 ($2.83) in a report on Monday, October 16th. Liberum Capital reiterated a “buy” rating and issued a GBX 320 ($4.31) price objective on shares of ITV in a report on Wednesday, September 6th. Deutsche Bank reiterated a “hold” rating and issued a GBX 180 ($2.42) price objective on shares of ITV in a report on Wednesday, November 15th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 224 ($3.01) price objective on shares of ITV in a report on Friday, September 22nd. Finally, Macquarie downgraded ITV to an “underperform” rating and decreased their price objective for the stock from GBX 200 ($2.69) to GBX 110 ($1.48) in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 208.28 ($2.80).
In other ITV news, insider Mary Harris acquired 1,945 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of GBX 172 ($2.31) per share, with a total value 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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