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.

TRADEMARK VIOLATION WARNING: This story was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/07/08/itv-plc-lonitv-given-buy-rating-at-citigroup-inc.html.

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.

Analyst Recommendations for ITV plc (LON:ITV)

Receive News & Ratings for ITV plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV plc and related companies with MarketBeat.com's FREE daily email newsletter.