ITV plc Rating Increased to Hold at Berenberg Bank (ITV)
ITV plc (LON:ITV) was upgraded by analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Tuesday. The firm currently has a GBX 180 ($3.03) target price on the stock, up from their previous target price of GBX 175 ($2.94). Berenberg Bank’s price target suggests a potential upside of 1.93% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of ITV plc from GBX 210 ($3.53) to GBX 200 ($3.36) in a research note on Thursday, May 15th. They now have an “equal weight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of ITV plc in a research note on Thursday, May 15th. They now have a GBX 195 ($3.28) price target on the stock. Finally, analysts at Westhouse Securities upgraded shares of ITV plc to a “buy” rating in a research note on Thursday, May 15th. They now have a GBX 220 ($3.70) price target on the stock. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 207.13 ($3.48).
Shares of ITV plc (LON:ITV) traded up 2.20% on Tuesday, hitting GBX 176.60. 8,175,019 shares of the company’s stock traded hands. ITV plc has a 1-year low of GBX 126.40 and a 1-year high of GBX 211.00. The stock’s 50-day moving average is GBX 185.3 and its 200-day moving average is GBX 192.3. The company’s market cap is £7.070 billion.
ITV Public Company Limited (LON:ITV) is a commercial television network in the United Kingdom.
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