ITV plc (ITV) Receives Average Rating of “Hold” from Brokerages
Shares of ITV plc (LON:ITV) have been given a consensus recommendation of “Hold” by the twenty-five research firms that are covering the stock. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 246.35 ($3.00).
ITV has been the topic of a number of recent analyst reports. Liberum Capital reissued a “buy” rating and issued a GBX 360 ($4.39) price objective on shares of ITV plc in a research report on Monday, September 19th. BNP Paribas reissued a “neutral” rating and issued a GBX 200 ($2.44) price objective on shares of ITV plc in a research report on Wednesday, September 28th. Barclays PLC reduced their price objective on shares of ITV plc from GBX 200 ($2.44) to GBX 190 ($2.32) and set an “equal weight” rating on the stock in a research report on Monday, October 3rd. Peel Hunt reissued a “buy” rating and issued a GBX 330 ($4.02) price objective on shares of ITV plc in a research report on Friday, August 26th. Finally, Societe Generale lowered shares of ITV plc to a “sell” rating and reduced their price objective for the stock from GBX 280 ($3.41) to GBX 180 ($2.19) in a research report on Friday, June 24th.
In related news, insider Anna Manz acquired 27,282 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were purchased at an average cost of GBX 182 ($2.22) per share, for a total transaction of £49,653.24 ($60,515.83). Also, insider Crozier,Adam sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.44), for a total transaction of £1,000,000 ($1,218,769.04).
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Shares of ITV plc (LON:ITV) traded up 0.50% during mid-day trading on Wednesday, hitting GBX 179.80. The stock had a trading volume of 19,351,835 shares. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 279.10. The company’s 50 day moving average is GBX 190.72 and its 200-day moving average is GBX 202.81. The stock’s market cap is GBX 7.21 billion.
The company also recently announced a dividend, which will be paid on Monday, November 28th. Shareholders of record on Thursday, October 27th will be issued a GBX 2.40 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a yield of 1.22%.
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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