ITV plc (LON:ITV) Given Buy Rating at Citigroup Inc.
ITV plc (LON:ITV)‘s stock had its “buy” rating restated by investment analysts at Citigroup Inc. in a research report issued on Friday, Marketbeat.com reports. They currently have a GBX 225 ($2.91) price objective on the broadcaster’s stock. Citigroup Inc.’s target price would suggest a potential upside of 27.41% from the stock’s previous close.
ITV has been the topic of several other reports. J P Morgan Chase & Co dropped their target price on ITV plc from GBX 218 ($2.82) to GBX 204 ($2.64) and set a “neutral” rating on the stock in a research note on Tuesday. Macquarie reiterated an “outperform” rating and set a GBX 260 ($3.37) price target on shares of ITV plc in a research note on Monday, June 12th. Liberum Capital restated a “buy” rating and issued a GBX 340 ($4.40) target price on shares of ITV plc in a research note on Monday, April 3rd. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 200 ($2.59) price target on shares of ITV plc in a report on Thursday, March 30th. Finally, HSBC Holdings plc cut ITV plc to a “hold” rating and reduced their price target for the stock from GBX 230 ($2.98) to GBX 215 ($2.78) in a report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company’s stock. ITV plc presently has an average rating of “Hold” and an average price target of GBX 221.90 ($2.87).
Shares of ITV plc (LON:ITV) traded down 2.91% during trading on Friday, hitting GBX 176.60. 10,279,910 shares of the stock traded hands. ITV plc has a 1-year low of GBX 156.24 and a 1-year high of GBX 221.76. The stock has a 50 day moving average price of GBX 188.10 and a 200-day moving average price of GBX 202.00. The stock’s market cap is GBX 7.08 billion.
In related news, insider Peter Bazalgette acquired 11,968 shares of ITV plc stock in a transaction dated Friday, June 30th. The stock was bought at an average price of GBX 182 ($2.36) per share, with a total value of £21,781.76 ($28,214.72). Also, insider Ian Griffiths sold 269,755 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of GBX 199 ($2.58), for a total transaction of £536,812.45 ($695,352.91).
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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