ITV plc (ITV) Given Average Rating of “Hold” by Brokerages
Shares of ITV plc (LON:ITV) have received an average recommendation of “Hold” from the twenty-one analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 205.06 ($2.72).
ITV has been the subject of several research reports. Deutsche Bank AG reissued a “hold” rating and issued a GBX 180 ($2.39) target price on shares of ITV plc in a report on Wednesday. HSBC Holdings plc raised ITV plc to a “buy” rating and boosted their target price for the company from GBX 200 ($2.66) to GBX 210 ($2.79) in a report on Monday. Liberum Capital reissued a “buy” rating and issued a GBX 330 ($4.38) target price on shares of ITV plc in a report on Monday, October 9th. Shore Capital reissued a “buy” rating on shares of ITV plc in a report on Monday, October 2nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 224 ($2.98) target price on shares of ITV plc in a report on Friday, September 22nd.
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In other news, insider Mary Harris purchased 1,945 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of GBX 172 ($2.29) per share, for a total transaction of £3,345.40 ($4,445.12).
Shares of ITV plc (ITV) traded down 1.29% during midday trading on Thursday, hitting GBX 176.40. The company had a trading volume of 12,390,210 shares. The firm’s market capitalization is GBX 7.07 billion. The company has a 50-day moving average of GBX 167.08 and a 200 day moving average of GBX 182.90. ITV plc has a 12 month low of GBX 152.40 and a 12 month high of GBX 221.76.
The company also recently declared a dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, October 26th will be issued a GBX 2.52 ($0.03) dividend. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 26th.
ITV plc Company Profile
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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