ITV plc (ITV) Given Buy Rating at Liberum Capital
ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a note issued to investors on Tuesday, StockTargetPrices.com reports. They presently have a GBX 360 ($4.46) price objective on the broadcaster’s stock. Liberum Capital’s price target would suggest a potential upside of 107.49% from the stock’s previous close.
Several other equities research analysts have also commented on ITV. Haitong Bank boosted their price objective on shares of ITV plc from GBX 185 ($2.29) to GBX 210 ($2.60) and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Panmure Gordon reissued a “buy” rating and set a GBX 315 ($3.90) price objective on shares of ITV plc in a research note on Tuesday, July 26th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 190 ($2.35) target price on shares of ITV plc in a report on Monday, June 27th. JPMorgan Chase & Co. decreased their target price on shares of ITV plc from GBX 228 ($2.82) to GBX 226 ($2.80) and set an “overweight” rating for the company in a report on Thursday, July 28th. Finally, Credit Suisse Group AG lifted their target price on shares of ITV plc from GBX 200 ($2.48) to GBX 240 ($2.97) and gave the stock an “outperform” rating in a report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. ITV plc presently has a consensus rating of “Hold” and a consensus target price of GBX 249.42 ($3.09).
ITV plc (LON:ITV) opened at 173.3715 on Tuesday. The company has a 50-day moving average of GBX 194.53 and a 200 day moving average of GBX 205.30. The company’s market capitalization is GBX 6978.91 billion. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10.
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The business also recently declared a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be issued a GBX 2.40 ($0.03) dividend. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 27th.
In related news, insider Peter Bazalgette purchased 11,875 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were purchased at an average cost of GBX 183 ($2.26) per share, for a total transaction of £21,731.25 ($26,895.11). Also, insider Anna Manz purchased 27,282 shares of the business’s stock in a transaction dated Friday, October 7th. The stock was bought at an average price of GBX 182 ($2.25) per share, for a total transaction of £49,653.24 ($61,452.03).
ITV plc Company Profile
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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