ITV plc (LON:ITV) traded down 1.3% on Thursday . The company traded as low as GBX 175.60 ($2.33) and last traded at GBX 176.40 ($2.34). 12,390,210 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 16,962,000 shares. The stock had previously closed at GBX 178.70 ($2.37).

A number of equities research analysts recently weighed in on the stock. Barclays PLC restated an “equal weight” rating and issued a GBX 200 ($2.66) target price on shares of ITV plc in a report on Friday, July 7th. Citigroup Inc. restated a “buy” rating and issued a GBX 225 ($2.99) target price on shares of ITV plc in a report on Friday, July 7th. Kepler Capital Markets lowered their target price on shares of ITV plc from GBX 200 ($2.66) to GBX 175 ($2.33) and set a “reduce” rating on the stock in a report on Thursday, July 27th. J P Morgan Chase & Co lowered their target price on shares of ITV plc from GBX 218 ($2.90) to GBX 204 ($2.71) and set a “neutral” rating on the stock in a report on Tuesday, July 4th. Finally, Credit Suisse Group restated an “outperform” rating on shares of ITV plc in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 208.19 ($2.77).

The firm’s market capitalization is GBX 7.07 billion. The company has a 50-day moving average of GBX 167.08 and a 200-day moving average of GBX 182.90.

The firm also recently announced a dividend, which will be paid on Monday, November 27th. Shareholders of record on Thursday, October 26th will be issued a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a yield of 1.43%.

In other ITV plc news, insider Mary Harris bought 1,945 shares of ITV plc stock in a transaction on Friday, September 29th. The stock was acquired at an average cost of GBX 172 ($2.29) per share, with a total value of £3,345.40 ($4,445.12).

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ITV plc 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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