ITV plc (ITV) Price Target Cut to GBX 228 by Analysts at Goldman Sachs Group, Inc. (The)
ITV plc (LON:ITV) had its target price cut by equities research analysts at Goldman Sachs Group, Inc. (The) from GBX 237 ($3.07) to GBX 228 ($2.95) in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the broadcaster’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 30.29% from the company’s current price.
Several other research analysts also recently weighed in on the company. Citigroup Inc. restated a “buy” rating on shares of ITV plc in a research note on Tuesday, May 9th. Shore Capital restated a “buy” rating on shares of ITV plc in a research note on Wednesday, April 19th. J P Morgan Chase & Co downgraded ITV plc to a “neutral” rating and dropped their price target for the stock from GBX 235 ($3.04) to GBX 233 ($3.02) in a research note on Friday, April 7th. Macquarie upped their price target on ITV plc from GBX 255 ($3.30) to GBX 265 ($3.43) and gave the stock an “outperform” rating in a research note on Monday, April 10th. Finally, Numis Securities Ltd restated an “add” rating and issued a GBX 230 ($2.98) price target on shares of ITV plc in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 219.14 ($2.84).
Shares of ITV plc (LON ITV) opened at 175.00 on Friday. The stock’s market capitalization is GBX 7.02 billion. ITV plc has a one year low of GBX 156.24 and a one year high of GBX 221.76. The stock has a 50 day moving average of GBX 188.10 and a 200-day moving average of GBX 202.00.
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In other ITV plc news, insider Peter Bazalgette purchased 11,968 shares of the firm’s stock in a transaction 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). Also, insider Ian Griffiths sold 269,755 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.58), for a total value of £536,812.45 ($695,352.91).
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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