Shore Capital Reaffirms “Buy” Rating for ITV (ITV)

ITV (LON:ITV)‘s stock had its “buy” rating reissued by Shore Capital in a report released on Thursday.

A number of other research analysts have also recently commented on the company. Credit Suisse Group restated an “outperform” rating and issued a GBX 210 ($2.85) target price on shares of ITV in a research note on Wednesday. Liberum Capital restated a “buy” rating and issued a GBX 330 ($4.48) target price on shares of ITV in a research note on Monday, January 15th. Deutsche Bank restated a “hold” rating and issued a GBX 180 ($2.44) target price on shares of ITV in a research note on Monday, December 4th. Morgan Stanley restated an “overweight” rating and issued a GBX 230 ($3.12) target price on shares of ITV in a research note on Thursday, November 23rd. Finally, JPMorgan Chase & Co. upgraded ITV to an “overweight” rating and lowered their target price for the company from GBX 204 ($2.77) to GBX 185 ($2.51) in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 206.41 ($2.80).

ITV (ITV) traded up GBX 1.05 ($0.01) on Thursday, hitting GBX 171.70 ($2.33). The stock had a trading volume of 14,360,000 shares, compared to its average volume of 12,020,000. The stock 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 ITV news, insider Roger Faxon bought 1,950 shares of ITV stock in a transaction on Friday, December 29th. The stock was 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 bought 2,013 shares of ITV stock in a transaction on Tuesday, January 2nd. The stock was acquired at an average cost of GBX 167 ($2.26) per share, with a total value 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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