ITV plc (LON:ITV)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research note issued to investors on Wednesday. They presently have a GBX 200 ($2.61) target price on the broadcaster’s stock. BNP Paribas’ price target would suggest a potential upside of 8.34% from the company’s previous close.
A number of other research firms have also issued reports on ITV. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 190 ($2.48) target price on shares of ITV plc in a research note on Monday, July 18th. Peel Hunt reissued a “buy” rating and set a GBX 330 ($4.31) price target on shares of ITV plc in a research note on Wednesday, July 20th. Liberum Capital reissued a “buy” rating and set a GBX 360 ($4.70) price target on shares of ITV plc in a research note on Tuesday. Societe Generale reduced their price target on ITV plc from GBX 180 ($2.35) to GBX 155 ($2.02) and set a “sell” rating on the stock in a research note on Friday, July 8th. Finally, Credit Suisse Group AG increased their price target on ITV plc from GBX 200 ($2.61) to GBX 240 ($3.13) and gave the stock an “outperform” rating in a research note on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. ITV plc has an average rating of “Hold” and a consensus price target of GBX 249.83 ($3.26).
ITV plc (LON:ITV) opened at 183.90 on Wednesday. The stock’s market capitalization is GBX 7.38 billion. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10. The company has a 50-day moving average price of GBX 197.48 and a 200-day moving average price of GBX 208.56.
The business also recently disclosed a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 27th will be paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a dividend yield of 1.22%.
In related news, insider Crozier,Adam sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.61), for a total transaction of £1,000,000 ($1,305,312.62).
ITV plc Company Profile
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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