ITV Rating Reiterated by AlphaValue (ITV)
ITV (LON:ITV)‘s stock had its “sell” rating reiterated by research analysts at AlphaValue in a report released on Thursday, American Banking & Market News reports. They currently have a GBX 154 ($2.47) price objective on the stock. AlphaValue’s price objective indicates a potential downside of 13.92% from the stock’s previous close.
A number of other firms have also recently commented on ITV. Analysts at HSBC raised their price target on shares of ITV from GBX 95 ($1.52) to GBX 150 ($2.41) in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of ITV in a research note to investors on Thursday. They now have a GBX 230 ($3.69) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of ITV in a research note to investors on Tuesday. They now have a GBX 210 ($3.37) price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 168.30 ($2.70).
Shares of ITV (LON:ITV) traded up 2.96% during mid-day trading on Thursday, hitting GBX 184.20. 4,339,144 shares of the company’s stock traded hands. ITV has a 52 week low of GBX 84.00 and a 52 week high of GBX 186.20. The stock’s 50-day moving average is GBX 169.6 and its 200-day moving average is GBX 143.8. The company’s market cap is £7.186 billion.
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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