ITV plc’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (ITV)
ITV plc (LON:ITV)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Monday. They currently have a GBX 232 ($3.95) price target on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 33.79% from the stock’s previous close.
ITV has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of ITV plc in a research note on Tuesday, June 17th. They now have a GBX 255 ($4.34) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of ITV plc in a research note on Friday, June 13th. They now have a GBX 175 ($2.98) price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of ITV plc from GBX 240 ($4.08) to GBX 235 ($4.00) in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. ITV plc has a consensus rating of “Hold” and an average target price of GBX 214.04 ($3.64).
Shares of ITV plc (LON:ITV) traded down 1.15% on Monday, hitting GBX 171.40. 8,034,690 shares of the company’s stock traded hands. ITV plc has a 1-year low of GBX 131.40 and a 1-year high of GBX 211.00. The stock has a 50-day moving average of GBX 179.4 and a 200-day moving average of GBX 190.8. The company’s market cap is £6.862 billion.
ITV Public Company Limited (LON:ITV) is a commercial television network in the United Kingdom.
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