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).

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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)

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