ITV plc Price Target Cut to GBX 235 by Analysts at Goldman Sachs (ITV)
Investment analysts at Goldman Sachs lowered their price target on shares of ITV plc (LON:ITV) from GBX 240 ($4.03) to GBX 235 ($3.95) in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Goldman Sachs’ target price suggests a potential upside of 33.07% from the stock’s previous close.
ITV has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “buy” rating on shares of ITV plc in a research note on Tuesday. They now have a GBX 220 ($3.70) price target on the stock. Separately, analysts at Berenberg Bank upgraded shares of ITV plc to a “hold” rating in a research note on Tuesday, May 20th. They now have a GBX 180 ($3.03) price target on the stock, up previously from GBX 175 ($2.94). Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 214.04 ($3.60).
Shares of ITV plc (LON:ITV) traded up 1.59% on Thursday, hitting GBX 179.40. 16,465,332 shares of the company’s stock traded hands. ITV plc has a 52-week low of GBX 131.20 and a 52-week high of GBX 211.00. The stock’s 50-day moving average is GBX 181.9 and its 200-day moving average is GBX 191.5. The company’s market cap is £7.183 billion.
ITV Public Company Limited (LON:ITV) is a commercial television network in the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.