ITV’s (ITV) “Buy” Rating Reaffirmed at Liberum Capital
ITV (LON:ITV)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a note issued to investors on Wednesday. They presently have a GBX 330 ($4.44) target price on the broadcaster’s stock. Liberum Capital’s price objective would suggest a potential upside of 101.59% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 175 ($2.36) price objective on shares of ITV in a research report on Wednesday, November 15th. Deutsche Bank reissued a “hold” rating and issued a GBX 180 ($2.42) target price on shares of ITV in a report on Wednesday, November 15th. Shore Capital reissued a “buy” rating on shares of ITV in a report on Tuesday, November 14th. Goldman Sachs Group reissued a “buy” rating and issued a GBX 224 ($3.01) target price on shares of ITV in a report on Friday, September 22nd. Finally, Macquarie downgraded ITV to an “underperform” rating and reduced their target price for the company from GBX 200 ($2.69) to GBX 110 ($1.48) in a report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 210.68 ($2.84).
ITV (ITV) traded up GBX 4.80 ($0.06) on Wednesday, reaching GBX 163.70 ($2.20). The company had a trading volume of 25,724,511 shares, compared to its average volume of 22,100,000. ITV has a 1 year low of GBX 142.80 ($1.92) and a 1 year high of GBX 221.76 ($2.98).
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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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