ITV plc’s (ITV) “Buy” Rating Reaffirmed at Liberum Capital
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.
COPYRIGHT VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/09/10/itv-plcs-itv-buy-rating-reaffirmed-at-liberum-capital.html.
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.
Receive News & Ratings for ITV plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV plc and related companies with MarketBeat.com's FREE daily email newsletter.