ITV (ITV) Trading Up 0%
Shares of ITV plc (LON:ITV) were up 0% during mid-day trading on Wednesday . The company traded as high as GBX 159.60 ($2.14) and last traded at GBX 158.40 ($2.12). Approximately 30,119,291 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 20,410,000 shares. The stock had previously closed at GBX 158.40 ($2.12).
A number of analysts have recently issued reports on ITV shares. raised ITV to a “buy” rating and raised their price objective for the company from GBX 200 ($2.68) to GBX 210 ($2.81) in a research report on Monday, October 16th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 320 ($4.29) price objective on shares of ITV in a research report on Thursday, August 31st. Goldman Sachs Group reaffirmed a “buy” rating on shares of ITV in a research report on Wednesday, September 13th. Macquarie cut ITV to an “underperform” rating and cut their price objective for the company from GBX 200 ($2.68) to GBX 110 ($1.47) in a research report on Wednesday, September 13th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 200 ($2.68) price objective on shares of ITV in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 210.68 ($2.82).
In related news, insider Mary Harris acquired 1,945 shares of the company’s stock in a transaction on Friday, September 29th. The stock was purchased at an average cost of GBX 172 ($2.30) per share, with a total value of £3,345.40 ($4,480.25).
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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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