ITV plc (ITV) Receives Average Rating of “Hold” from Brokerages
Shares of ITV plc (LON:ITV) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 222.90 ($2.89).
Several research firms have recently commented on ITV. Liberum Capital reissued a “buy” rating and issued a GBX 340 ($4.40) price objective on shares of ITV plc in a report on Wednesday, April 26th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 240 ($3.11) price objective on shares of ITV plc in a research report on Tuesday, April 25th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 260 ($3.37) price objective on shares of ITV plc in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 256 ($3.32) price objective (down previously from GBX 257 ($3.33)) on shares of ITV plc in a research report on Wednesday, April 12th. Finally, Shore Capital reiterated a “buy” rating on shares of ITV plc in a research report on Wednesday, April 19th.
In related news, insider Ian Griffiths sold 269,755 shares of ITV plc 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 value of £536,812.45 ($695,352.91). Also, insider Peter Bazalgette acquired 11,968 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was bought at an average cost of GBX 182 ($2.36) per share, for a total transaction of £21,781.76 ($28,214.72).
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ITV plc (ITV) traded down 0.85% during trading on Tuesday, hitting GBX 176.00. 6,966,100 shares of the stock were exchanged. The firm’s 50 day moving average price is GBX 188.10 and its 200-day moving average price is GBX 202.00. The stock’s market cap is GBX 7.06 billion. ITV plc has a 1-year low of GBX 156.24 and a 1-year high of GBX 221.76.
About ITV plc
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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