ITV plc’s (LON:ITV) “Outperform” Rating Reiterated at Credit Suisse Group
ITV plc (LON:ITV)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a report released on Friday.
Other equities analysts also recently issued research reports about the company. Goldman Sachs Group, Inc. (The) cut their target price on ITV plc from GBX 237 ($3.09) to GBX 228 ($2.98) and set a “buy” rating on the stock in a research report on Friday, July 14th. J P Morgan Chase & Co reissued a “neutral” rating on shares of ITV plc in a research report on Tuesday, July 18th. Deutsche Bank AG reissued a “hold” rating and set a GBX 180 ($2.35) target price on shares of ITV plc in a research report on Tuesday, July 18th. Liberum Capital reissued a “buy” rating and set a GBX 340 ($4.44) target price on shares of ITV plc in a research report on Wednesday, May 3rd. Finally, Shore Capital reissued a “buy” rating on shares of ITV plc in a research report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. ITV plc presently has an average rating of “Hold” and an average target price of GBX 218.45 ($2.85).
Shares of ITV plc (ITV) opened at 177.20 on Friday. The stock’s 50 day moving average price is GBX 180.93 and its 200-day moving average price is GBX 199.87. The stock’s market cap is GBX 7.11 billion. ITV plc has a 1-year low of GBX 156.24 and a 1-year high of GBX 221.76.
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In related news, insider Peter Bazalgette acquired 11,968 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was purchased at an average cost of GBX 182 ($2.38) per share, for a total transaction of £21,781.76 ($28,443.14). Also, insider Ian Griffiths sold 269,755 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of GBX 199 ($2.60), for a total value of £536,812.45 ($700,982.57).
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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