Liberum Capital Reiterates Buy Rating for ITV (ITV)

ITV (LON:ITV)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 330 ($4.48) price objective on the broadcaster’s stock. Liberum Capital’s target price points to a potential upside of 92.20% from the company’s current price.

ITV has been the subject of several other research reports. Shore Capital restated a “buy” rating on shares of ITV in a research report on Tuesday, November 7th. JPMorgan Chase & Co. upgraded shares of ITV to an “overweight” rating and lowered their price objective for the company from GBX 204 ($2.77) to GBX 185 ($2.51) in a research report on Tuesday, November 21st. Citigroup restated a “buy” rating on shares of ITV in a research report on Monday, November 13th. Deutsche Bank restated a “hold” rating and issued a GBX 180 ($2.44) price objective on shares of ITV in a research report on Wednesday, October 18th. Finally, upgraded shares of ITV to a “buy” rating and raised their price objective for the company from GBX 200 ($2.71) to GBX 210 ($2.85) in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. ITV has an average rating of “Buy” and a consensus target price of GBX 206.41 ($2.80).

ITV (LON:ITV) traded up GBX 1.05 ($0.01) on Thursday, reaching GBX 171.70 ($2.33). 14,360,000 shares of the company’s stock traded hands, compared to its average volume of 12,020,000. The firm has a market cap of $6,910.00 and a PE ratio of 1,717.00. ITV has a 52-week low of GBX 142.80 ($1.94) and a 52-week high of GBX 221.76 ($3.01).

In other news, insider Roger Faxon acquired 1,950 shares of ITV stock in a transaction that occurred 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). Also, insider Mary Harris acquired 2,013 shares of ITV stock in a transaction that occurred on Tuesday, January 2nd. The shares were purchased at an average cost of GBX 167 ($2.26) per share, for a total transaction of £3,361.71 ($4,558.87).

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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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