ITV plc (ITV) Receives Average Recommendation of “Buy” from Analysts

Shares of ITV plc (LON:ITV) have received a consensus rating of “Buy” from the seventeen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 203 ($2.75).

A number of research firms have weighed in on ITV. Liberum Capital reaffirmed a “buy” rating and set a GBX 330 ($4.48) price objective on shares of ITV in a report on Thursday. Shore Capital reissued a “buy” rating on shares of ITV in a report on Thursday. Societe Generale reissued a “sell” rating and issued a GBX 150 ($2.03) target price on shares of ITV in a report on Friday. Credit Suisse Group reissued an “outperform” rating and issued a GBX 210 ($2.85) target price on shares of ITV in a report on Wednesday. Finally, Deutsche Bank reissued a “hold” rating and issued a GBX 180 ($2.44) target price on shares of ITV in a report on Wednesday, November 15th.

ITV (LON ITV) traded up GBX 1.05 ($0.01) during midday trading on Friday, reaching GBX 171.70 ($2.33). The company’s stock had a trading volume of 14,360,000 shares, compared to its average volume of 12,020,000. The firm has a market capitalization of $6,910.00 and a P/E ratio of 1,717.00. ITV has a 12 month low of GBX 142.80 ($1.94) and a 12 month high of GBX 221.76 ($3.01).

In other ITV news, insider Mary Harris bought 2,013 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was bought at an average price of GBX 167 ($2.26) per share, for a total transaction of £3,361.71 ($4,558.87). Also, insider Roger Faxon bought 1,950 shares of the company’s stock in a transaction on Friday, December 29th. The shares were acquired at an average price 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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