Liberum Capital restated their buy rating on shares of ITV plc (LON:ITV) in a research report report published on Tuesday morning. Liberum Capital currently has a GBX 360 ($4.70) price objective on the broadcaster’s stock.
ITV has been the topic of several other research reports. Peel Hunt reaffirmed a buy rating and issued a GBX 330 ($4.31) price target on shares of ITV plc in a report on Friday, August 26th. Societe Generale downgraded shares of ITV plc to a sell rating and reduced their price objective for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a research note on Friday, June 24th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 228 ($2.98) price objective on shares of ITV plc in a research note on Monday, June 27th. Deutsche Bank AG reissued a hold rating and set a GBX 200 ($2.61) price objective on shares of ITV plc in a research note on Friday, August 26th. Finally, Credit Suisse Group AG reduced their price objective on shares of ITV plc from GBX 255 ($3.33) to GBX 200 ($2.61) and set an outperform rating on the stock in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 249.83 ($3.26).
ITV plc (LON:ITV) traded up 1.95% on Tuesday, reaching GBX 187.29. 4,026,869 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 198.23 and a 200-day moving average of GBX 209.07. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10. The company’s market cap is GBX 7.51 billion.
The company also recently disclosed a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be given a GBX 2.40 ($0.03) dividend. The ex-dividend date is Thursday, October 27th. This represents a yield of 1.22%.
In other news, insider Bazalgette,Peter acquired 7,692 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The shares were purchased at an average cost of GBX 175 ($2.28) per share, for a total transaction of £13,461 ($17,570.81). Also, insider Crozier,Adam sold 500,000 shares of ITV plc stock in a transaction dated Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.61), for a total transaction of £1,000,000 ($1,305,312.62).
About ITV plc
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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