ITV plc (LON:ITV)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a research note issued on Wednesday. They presently have a GBX 320 ($4.13) target price on the broadcaster’s stock. Liberum Capital’s target price indicates a potential upside of 99.25% from the stock’s previous close.

ITV has been the topic of a number of other reports. Citigroup Inc. reiterated a “buy” rating on shares of ITV plc in a research note on Tuesday, May 9th. Numis Securities Ltd restated an “add” rating and set a GBX 230 ($2.97) target price on shares of ITV plc in a research report on Wednesday, May 10th. Morgan Stanley upgraded shares of ITV plc to an “overweight” rating and set a GBX 230 ($2.97) target price on the stock in a research report on Friday, June 23rd. Shore Capital restated a “buy” rating on shares of ITV plc in a research report on Wednesday, July 26th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 200 ($2.58) target price on shares of ITV plc in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 211.71 ($2.73).

Shares of ITV plc (LON:ITV) traded down 0.86% during mid-day trading on Wednesday, hitting GBX 160.60. The stock had a trading volume of 9,649,687 shares. The stock’s 50-day moving average is GBX 167.93 and its 200 day moving average is GBX 190.62. The firm’s market cap is GBX 6.44 billion. ITV plc has a 12 month low of GBX 152.40 and a 12 month high of GBX 221.76.

ITV plc (LON:ITV) last announced its quarterly earnings results on Wednesday, July 26th. The broadcaster reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. ITV plc had a net margin of 14.13% and a return on equity of 69.69%. Equities research analysts predict that ITV plc will post $15.56 earnings per share for the current fiscal year.

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In related news, insider Peter Bazalgette acquired 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 ($2.35) per share, with a total value of £21,781.76 ($28,130.91).

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.

Analyst Recommendations for ITV plc (LON:ITV)

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