Morgan Stanley Increases ITV Price Target to GBX 235 (ITV)
Equities research analysts at Morgan Stanley boosted their target price on shares of ITV (LON:ITV) from GBX 185 ($3.03) to GBX 235 ($3.85) in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 19.47% from the stock’s previous close.
A number of other firms have also recently commented on ITV. Analysts at Berenberg Bank reiterated a “sell” rating on shares of ITV in a research note to investors on Wednesday. They now have a GBX 155 ($2.54) price target on the stock. Separately, analysts at Jefferies Group upgraded shares of ITV to a “buy” rating in a research note to investors on Tuesday. They now have a GBX 231 ($3.79) price target on the stock, up previously from GBX 110 ($1.80). Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of ITV in a research note to investors on Monday. They now have a GBX 175 ($2.87) price target on the stock. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 192.71 ($3.16).
ITV (LON:ITV) opened at 201.40 on Thursday. ITV has a 52-week low of GBX 105.988 and a 52-week high of GBX 201.00. The stock has a 50-day moving average of GBX 187.5 and a 200-day moving average of GBX 175.4. The company’s market cap is £7.857 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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