ITV (LON:ITV) Rating Lowered to Neutral at JPMorgan Chase & Co.

ITV (LON:ITV) was downgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 85 target price on the broadcaster’s stock, down from their previous target price of GBX 104. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.92% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 90 target price on shares of ITV in a research note on Friday, May 15th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 87.50.

ITV Trading Down 7.2%

Shares of LON:ITV opened at GBX 75.95 on Tuesday. The company has a market capitalization of £2.84 billion, a PE ratio of 13.09, a P/E/G ratio of -0.53 and a beta of 0.82. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. ITV has a 12-month low of GBX 65.70 and a 12-month high of GBX 88.90. The business’s fifty day simple moving average is GBX 80.97 and its 200-day simple moving average is GBX 80.52.

Insider Transactions at ITV

In other ITV news, insider Chris Kennedy sold 396,282 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total value of £309,099.96. Also, insider Carolyn McCall sold 652,363 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total value of £508,843.14. Company insiders own 0.53% of the company’s stock.

About ITV

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.