ITV plc (ITV) Insider Acquires £49,493.79 in Stock

ITV plc (LON:ITV) insider Carolyn McCall acquired 44,589 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of GBX 111 ($1.45) per share, for a total transaction of £49,493.79 ($64,672.40).

ITV stock opened at GBX 113.15 ($1.48) on Thursday. The stock has a market cap of $4.52 billion and a P/E ratio of 9.75. ITV plc has a 52 week low of GBX 117.65 ($1.54) and a 52 week high of GBX 183.05 ($2.39). The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 123.32.

ITV (LON:ITV) last posted its earnings results on Wednesday, February 27th. The broadcaster reported GBX 15.40 ($0.20) EPS for the quarter, topping the consensus estimate of GBX 15 ($0.20) by GBX 0.40 ($0.01). Research analysts anticipate that ITV plc will post 1419.0000528365 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 11th will be issued a GBX 5.40 ($0.07) dividend. This is a positive change from ITV’s previous dividend of $2.60. This represents a yield of 4.11%. The ex-dividend date of this dividend is Thursday, April 11th. ITV’s dividend payout ratio (DPR) is presently 0.69%.

Several analysts recently commented on the company. Numis Securities reaffirmed an “add” rating and set a GBX 150 ($1.96) target price on shares of ITV in a report on Wednesday, May 8th. UBS Group reaffirmed a “neutral” rating and set a GBX 125 ($1.63) target price (down from GBX 130 ($1.70)) on shares of ITV in a report on Thursday, May 9th. Deutsche Bank dropped their target price on ITV from GBX 140 ($1.83) to GBX 130 ($1.70) and set a “hold” rating on the stock in a report on Thursday, May 9th. Citigroup reaffirmed a “buy” rating and set a GBX 170 ($2.22) target price on shares of ITV in a report on Tuesday, May 7th. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 135 ($1.76) target price on shares of ITV in a report on Thursday, April 4th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 152.50 ($1.99).

ILLEGAL ACTIVITY NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2019/05/16/itv-plc-itv-insider-acquires-49493-79-in-stock.html.

ITV Company Profile

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

See Also: What are the advantages of the Stochastic Momentum Index?

Receive News & Ratings for ITV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply