ITV plc (LON:ITV) Receives Average Recommendation of “Hold” from Analysts
ITV plc (LON:ITV) has been given an average recommendation of “Hold” by the twenty-one research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 209.41 ($2.76).
A number of equities research analysts have recently commented on ITV shares. Citigroup Inc. reissued a “buy” rating on shares of ITV plc in a research note on Tuesday, May 9th. Numis Securities Ltd reissued an “add” rating and issued a GBX 230 ($3.03) target price on shares of ITV plc in a research note on Wednesday, May 10th. Morgan Stanley raised ITV plc to an “overweight” rating and set a GBX 230 ($3.03) target price on the stock in a research note on Friday, June 23rd. Credit Suisse Group reissued an “outperform” rating and issued a GBX 240 ($3.17) target price on shares of ITV plc in a research note on Tuesday, April 25th. Finally, Shore Capital reissued a “buy” rating on shares of ITV plc in a research note on Wednesday, July 26th.
In related news, insider Peter Bazalgette acquired 11,968 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of GBX 182 ($2.40) per share, with a total value of £21,781.76 ($28,732.04). Also, insider Ian Griffiths sold 269,755 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of GBX 199 ($2.62), for a total value of £536,812.45 ($708,102.43).
Shares of ITV plc (LON ITV) traded down 0.28% during trading on Friday, reaching GBX 175.50. The company’s stock had a trading volume of 8,079,781 shares. The stock’s 50 day moving average is GBX 178.54 and its 200 day moving average is GBX 198.07. The firm’s market cap is GBX 7.04 billion. ITV plc has a one year low of GBX 156.24 and a one year high of GBX 221.76.
The business also recently disclosed a dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, October 26th will be paid a GBX 2.52 ($0.03) dividend. This represents a dividend yield of 1.43%. The ex-dividend date is Thursday, October 26th.
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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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