Nomura Increases ITV Price Target to GBX 200 (ITV)
Investment analysts at Nomura hoisted their target price on shares of ITV (LON:ITV) from GBX 170 ($2.66) to GBX 200 ($3.13) in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Nomura’s price target would suggest a potential upside of 11.36% from the stock’s previous close.
Shares of ITV (LON:ITV) opened at 182.10 on Friday. The stock’s 50-day moving average is GBX 166.3 and its 200-day moving average is GBX 141.4. The company’s market cap is £7.104 billion.
A number of other analysts have also recently weighed in on ITV. Analysts at Liberum Capital reiterated a “buy” rating on shares of ITV (LON:ITV) in a research note to investors on Wednesday. They now have a GBX 200 ($3.13) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of ITV (LON:ITV) from GBX 161 ($2.52) to GBX 181 ($2.83) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Westhouse Securities upgraded shares of ITV (LON:ITV) from a “neutral” rating to an “add” rating in a research note to investors on Tuesday. They now have a GBX 195 ($3.05) price target on the stock, up previously from GBX 167 ($2.61).
Four research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the stock. ITV currently has an average rating of “Hold” and a consensus price target of GBX 156.09 ($2.44).
ITV plc is a commercial television network in the United Kingdom. It has two segments: ITV Studios and Broadcasting & Online’ segment.
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