ITV plc (LON:ITV) had its price objective dropped by Barclays PLC from GBX 200 ($2.61) to GBX 190 ($2.48) in a report released on Monday. The firm currently has an “equal weight” rating on the broadcaster’s stock. Barclays PLC’s target price would indicate a potential upside of 2.32% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Liberum Capital restated a ” buy” rating and issued a GBX 375 ($4.89) price target on shares of ITV plc in a research note on Monday, June 27th. Numis Securities Ltd reiterated an “add” rating and set a GBX 230 ($3.00) target price on shares of ITV plc in a research report on Thursday, July 28th. Peel Hunt reiterated a “buy” rating on shares of ITV plc in a research report on Wednesday, July 13th. Shore Capital reiterated a “buy” rating on shares of ITV plc in a research report on Tuesday, July 19th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 315 ($4.11) target price on shares of ITV plc in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. ITV plc currently has a consensus rating of “Hold” and a consensus target price of GBX 249.42 ($3.26).
ITV plc (LON:ITV) opened at 186.00 on Monday. The stock has a 50 day moving average price of GBX 196.34 and a 200 day moving average price of GBX 207.13. ITV plc has a 1-year low of GBX 141.00 and a 1-year high of GBX 279.10. The company’s market cap is GBX 7.46 billion.
The business also recently declared a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be given a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a dividend yield of 1.22%.
In related news, insider Peter Bazalgette purchased 11,875 shares of ITV plc stock in a transaction dated Friday, September 30th. The shares were acquired at an average price of GBX 183 ($2.39) per share, with a total value of £21,731.25 ($28,366.07). Also, insider Crozier,Adam sold 500,000 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.61), for a total transaction of £1,000,000 ($1,305,312.62).
ITV plc Company Profile
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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