ITV plc (LON:ITV) had its price objective cut by Kepler Capital Markets from GBX 200 ($2.61) to GBX 175 ($2.28) in a research note published on Thursday morning. They currently have a reduce rating on the broadcaster’s stock.

Several other research analysts have also recently commented on ITV. Berenberg Bank reiterated a hold rating and issued a GBX 200 ($2.61) target price on shares of ITV plc in a report on Thursday, March 30th. Liberum Capital reiterated a buy rating and issued a GBX 340 ($4.43) target price on shares of ITV plc in a report on Monday, April 3rd. J P Morgan Chase & Co cut shares of ITV plc to a neutral rating and decreased their target price for the stock from GBX 235 ($3.06) to GBX 233 ($3.04) in a report on Friday, April 7th. Macquarie raised their target price on shares of ITV plc from GBX 255 ($3.32) to GBX 265 ($3.45) and gave the stock an outperform rating in a report on Monday, April 10th. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a GBX 256 ($3.34) target price (down from GBX 257 ($3.35)) on shares of ITV plc in a report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 211.71 ($2.76).

COPYRIGHT VIOLATION NOTICE: “ITV plc (LON:ITV) Given New GBX 175 Price Target at Kepler Capital Markets” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/itv-plc-lonitv-given-new-gbx-175-price-target-at-kepler-capital-markets/1463198.html.

The company also recently declared a dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, October 26th will be given a GBX 2.52 ($0.03) dividend. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 26th.

In other news, insider Ian Griffiths sold 269,755 shares of ITV plc stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.59), for a total value of £536,812.45 ($699,338.78). Also, insider Peter Bazalgette purchased 11,968 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was purchased at an average cost of GBX 182 ($2.37) per share, for a total transaction 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.

Analyst Recommendations for ITV plc (LON:ITV)

Receive News & Ratings for ITV plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV plc and related companies with Analyst Ratings Network's FREE daily email newsletter.