ITV Stock Rating Lowered by Citigroup Inc. (ITV)
ITV (LON:ITV) was downgraded by research analysts at Citigroup Inc. to a “sell” rating in a report released on Monday, American Banking News.com reports. They currently have a GBX 191 ($3.15) price target on the stock. Citigroup Inc.’s price target would suggest a potential downside of 0.78% from the stock’s previous close.
Shares of ITV (LON:ITV) traded down 0.82% during mid-day trading on Monday, hitting GBX 192.50. The stock had a trading volume of 14,238,218 shares. ITV has a 1-year low of GBX 112.872 and a 1-year high of GBX 209.80. The stock has a 50-day moving average of GBX 193.9 and a 200-day moving average of GBX 180.. The company’s market cap is £7.509 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of ITV in a research note to investors on Wednesday, January 15th. They now have a GBX 250 ($4.12) price target on the stock. Separately, analysts at HSBC upgraded shares of ITV to an “overweight” rating in a research note to investors on Tuesday, January 14th. They now have a GBX 230 ($3.79) price target on the stock, up previously from GBX 150 ($2.47). Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of ITV in a research note to investors on Monday, January 13th. They now have a GBX 243 ($4.00) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 196.99 ($3.25).
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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