ITV plc (LON:ITV) Earns “Buy” Rating from Shore Capital
Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co cut their price target on shares of ITV plc from GBX 233 ($3.04) to GBX 218 ($2.84) and set a neutral rating for the company in a report on Friday, May 12th. Numis Securities Ltd restated an add rating and set a GBX 230 ($3.00) price target on shares of ITV plc in a report on Wednesday, May 10th. Liberum Capital restated a buy rating and set a GBX 340 ($4.43) price target on shares of ITV plc in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a buy rating and set a GBX 256 ($3.34) price target (down previously from GBX 257 ($3.35)) on shares of ITV plc in a report on Wednesday, April 12th. Finally, Citigroup Inc. restated a buy rating on shares of ITV plc in a report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 211.71 ($2.76).
ITV plc (LON ITV) opened at 173.70 on Wednesday. ITV plc has a 12 month low of GBX 156.24 and a 12 month high of GBX 221.76. The stock’s market cap is GBX 6.97 billion. The firm’s 50 day moving average price is GBX 179.22 and its 200 day moving average price is GBX 198.82.
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The business also recently declared a dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, October 26th will be paid a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date is Thursday, October 26th. This represents a yield of 1.43%.
In related news, insider Ian Griffiths sold 269,755 shares of ITV plc stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.59), for a total transaction of £536,812.45 ($699,338.78). Also, insider Peter Bazalgette purchased 11,968 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average price of GBX 182 ($2.37) per share, for a total transaction of £21,781.76 ($28,376.45).
About ITV plc
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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