ITV (ITV) Given “Buy” Rating at Liberum Capital

ITV (LON:ITV)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a research report issued to clients and investors on Monday. They currently have a GBX 330 ($4.48) target price on the broadcaster’s stock. Liberum Capital’s target price indicates a potential upside of 91.92% from the company’s previous close.

ITV has been the subject of several other reports. Citigroup restated a “buy” rating on shares of ITV in a research note on Monday, November 13th. Shore Capital restated a “buy” rating on shares of ITV in a research note on Tuesday, November 7th. Kepler Capital Markets restated a “hold” rating and issued a GBX 175 ($2.37) price target on shares of ITV in a research note on Wednesday, November 15th. JPMorgan Chase & Co. upgraded ITV to an “overweight” rating and reduced their price target for the company from GBX 204 ($2.77) to GBX 185 ($2.51) in a research note on Tuesday, November 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 230 ($3.12) price target on shares of ITV in a research note on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. ITV presently has a consensus rating of “Buy” and a consensus price target of GBX 208.28 ($2.82).

ITV (LON:ITV) traded up GBX 3.95 ($0.05) on Monday, reaching GBX 171.95 ($2.33). The company had a trading volume of 30,330,224 shares, compared to its average volume of 12,480,000. The company has a market cap of $6,920.00 and a P/E ratio of 1,719.50. ITV has a twelve month low of GBX 142.80 ($1.94) and a twelve month high of GBX 221.76 ($3.01).

In other news, insider Mary Harris bought 2,013 shares of the stock in a transaction on Tuesday, January 2nd. The stock was acquired at an average price of GBX 167 ($2.26) per share, with a total value of £3,361.71 ($4,558.87). Also, insider Roger Faxon bought 1,950 shares of the stock in a transaction on Friday, December 29th. The stock was purchased at an average cost of GBX 164 ($2.22) per share, with a total value of £3,198 ($4,336.86).

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About ITV

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 (LON:ITV)

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