Liberum Capital Reiterates Buy Rating for ITV plc (ITV)
ITV plc (LON:ITV)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a research report issued on Thursday. They currently have a GBX 320 ($4.14) price objective on the broadcaster’s stock. Liberum Capital’s target price suggests a potential upside of 104.21% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. J P Morgan Chase & Co dropped their price objective on ITV plc from GBX 233 ($3.01) to GBX 218 ($2.82) and set a ” neutral” rating on the stock in a research report on Friday, May 12th. Numis Securities Ltd reissued an “add” rating and issued a GBX 230 ($2.97) target price on shares of ITV plc in a research report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) dropped their target price on ITV plc from GBX 256 ($3.31) to GBX 237 ($3.07) and set a “buy” rating on the stock in a research report on Monday, June 5th. Shore Capital reissued a “buy” rating on shares of ITV plc in a research report on Wednesday, May 10th. Finally, Citigroup Inc. reissued a “buy” rating on shares of ITV plc in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 211.71 ($2.74).
ITV plc (LON ITV) opened at 156.70 on Thursday. ITV plc has a 12-month low of GBX 156.20 and a 12-month high of GBX 221.76. The firm’s 50-day moving average is GBX 170.30 and its 200-day moving average is GBX 192.34. The stock’s market capitalization is GBX 6.28 billion.
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In related news, insider Peter Bazalgette bought 11,968 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was purchased at an average price of GBX 182 ($2.35) per share, for a total transaction of £21,781.76 ($28,170.93).
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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