ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by Liberum Capital in a note issued to investors on Tuesday, StockTargetPrices.com reports. They currently have a GBX 360 ($4.46) price target on the broadcaster’s stock. Liberum Capital’s target price points to a potential upside of 104.66% from the stock’s previous close.
ITV has been the subject of a number of other reports. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 200 ($2.48) price target on shares of ITV plc in a research note on Wednesday, September 28th. Panmure Gordon reissued a “buy” rating and set a GBX 315 ($3.90) target price on shares of ITV plc in a research note on Tuesday, July 26th. Morgan Stanley reissued an “equal weight” rating and set a GBX 240 ($2.97) target price on shares of ITV plc in a research note on Thursday, September 1st. Numis Securities Ltd reissued an “add” rating and set a GBX 230 ($2.85) target price on shares of ITV plc in a research note on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 218 ($2.70) target price on shares of ITV plc in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 249.42 ($3.09).
Shares of ITV plc (LON:ITV) opened at 175.10 on Tuesday. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10. The firm’s market capitalization is GBX 7.02 billion. The company’s 50 day moving average is GBX 193.56 and its 200 day moving average is GBX 204.68.
The company also recently declared a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Peter Bazalgette purchased 11,875 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were purchased at an average cost of GBX 183 ($2.26) per share, with a total value of £21,731.25 ($26,895.11). Also, insider Anna Manz purchased 27,282 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were purchased at an average cost of GBX 182 ($2.25) per share, for a total transaction of £49,653.24 ($61,452.03).
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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