Liberum Capital Reaffirms “Buy” Rating for ITV plc (ITV)
ITV plc (LON:ITV)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a note issued to investors on Monday. They presently have a GBX 340 ($4.42) price objective on the broadcaster’s stock. Liberum Capital’s price target points to a potential upside of 71.72% from the company’s previous close.
Several other research analysts also recently commented on the company. JPMorgan Chase & Co. reduced their target price on ITV plc from GBX 233 ($3.03) to GBX 218 ($2.84) and set a ” neutral” rating on the stock in a report on Friday, May 12th. Macquarie restated an “outperform” rating and issued a GBX 260 ($3.38) price objective on shares of ITV plc in a research report on Thursday, May 11th. Barclays PLC restated an “equal weight” rating and issued a GBX 200 ($2.60) price objective on shares of ITV plc in a research report on Thursday, May 11th. Numis Securities Ltd restated an “add” rating and issued a GBX 230 ($2.99) price objective on shares of ITV plc in a research report on Wednesday, May 10th. Finally, Shore Capital restated a “buy” rating on shares of ITV plc in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. ITV plc has an average rating of “Hold” and an average price target of GBX 229.19 ($2.98).
ITV plc (LON:ITV) traded up 1.02% during mid-day trading on Monday, reaching GBX 198.00. The company had a trading volume of 14,359,222 shares. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 221.76. The stock’s market capitalization is GBX 7.94 billion. The company’s 50 day moving average is GBX 208.19 and its 200 day moving average is GBX 198.97.
The firm also recently disclosed a dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, April 27th will be paid a dividend of GBX 9.80 ($0.13) per share. This represents a dividend yield of 4.63%. This is an increase from ITV plc’s previous dividend of $2.40. The ex-dividend date of this dividend is Thursday, April 27th.
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In other news, insider Adam Crozier sold 240,534 shares of the stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of GBX 210 ($2.73), for a total transaction of £505,121.40 ($657,111.23). Also, insider Anna Manz acquired 1,054 shares of ITV plc stock in a transaction dated Friday, March 31st. The shares were acquired at an average price of GBX 212 ($2.76) per share, with a total value of £2,234.48 ($2,906.83).
ITV plc Company Profile
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
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