ITV plc’s “Buy” Rating Reaffirmed at Liberum Capital (ITV)
ITV plc (LON:ITV)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Tuesday. They currently have a GBX 255 ($4.33) price objective on the stock. Liberum Capital’s target price would indicate a potential upside of 46.05% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of ITV plc in a research note on Friday. They now have a GBX 175 ($2.97) price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of ITV plc from GBX 240 ($4.07) to GBX 235 ($3.99) in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of ITV plc in a research note on Tuesday, June 10th. They now have a GBX 220 ($3.73) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 214.04 ($3.63).
Shares of ITV plc (LON:ITV) traded down 0.74% on Tuesday, hitting GBX 173.30. 7,741,642 shares of the company’s stock traded hands. ITV plc has a 1-year low of GBX 131.20 and a 1-year high of GBX 211.00. The stock has a 50-day moving average of GBX 180.9 and a 200-day moving average of GBX 191.3. The company’s market cap is £6.938 billion.
ITV Public Company Limited (LON:ITV) is a commercial television network in the United Kingdom.
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