ITV plc (LON:ITV) Given Buy Rating at Liberum Capital
Liberum Capital reiterated their buy rating on shares of ITV plc (LON:ITV) in a research report sent to investors on Wednesday morning. They currently have a GBX 320 ($4.17) target price on the broadcaster’s stock.
ITV has been the topic of a number of other reports. Citigroup Inc. restated a buy rating on shares of ITV plc in a research note on Tuesday, May 9th. Numis Securities Ltd restated an add rating and issued a GBX 230 ($3.00) price target on shares of ITV plc in a research note on Wednesday, May 10th. Morgan Stanley upgraded ITV plc to an overweight rating and set a GBX 230 ($3.00) price target on the stock in a research note on Friday, June 23rd. Credit Suisse Group restated an outperform rating and issued a GBX 240 ($3.13) price target on shares of ITV plc in a research note on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a GBX 256 ($3.34) price target (down from GBX 257 ($3.35)) on shares of ITV plc in a research note on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 211.71 ($2.76).
Shares of ITV plc (LON:ITV) opened at 173.70 on Wednesday. ITV plc has a 52 week low of GBX 156.24 and a 52 week high of GBX 221.76. The firm has a 50 day moving average price of GBX 179.22 and a 200 day moving average price of GBX 198.82. The company’s market capitalization is GBX 6.97 billion.
The firm also recently announced a dividend, which will be paid on Monday, November 27th. Shareholders of record on Thursday, October 26th will be given a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 1.43%.
In other ITV plc news, insider Ian Griffiths sold 269,755 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was 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 bought 11,968 shares of the company’s stock in a transaction on Friday, June 30th. The shares were acquired at an average price of GBX 182 ($2.37) per share, with a total value of £21,781.76 ($28,376.45).
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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