ITV plc (LON:ITV) had its price objective decreased by Barclays PLC from GBX 200 ($2.61) to GBX 190 ($2.48) in a research note published on Monday. Barclays PLC currently has an equal weight rating on the broadcaster’s stock.
ITV has been the topic of a number of other reports. Liberum Capital restated a buy rating and issued a GBX 360 ($4.70) price objective on shares of ITV plc in a research note on Monday, September 19th. BNP Paribas restated a neutral rating and issued a GBX 200 ($2.61) price objective on shares of ITV plc in a research note on Wednesday, September 28th. Peel Hunt restated a buy rating and issued a GBX 330 ($4.31) price objective on shares of ITV plc in a research note on Friday, August 26th. Societe Generale cut ITV plc to a sell rating and lowered their price objective for the company from GBX 280 ($3.65) to GBX 180 ($2.35) in a research note on Friday, June 24th. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 228 ($2.98) price target on shares of ITV plc in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 249.42 ($3.26).
Shares of ITV plc (LON:ITV) traded up 1.85% on Monday, reaching GBX 187.20. 12,656,502 shares of the company were exchanged. The firm’s market capitalization is GBX 7.51 billion. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 279.10. The stock’s 50-day moving average is GBX 196.78 and its 200 day moving average is GBX 207.49.
The business also recently announced a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be paid a GBX 2.40 ($0.03) dividend. 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 stock in a transaction on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.61), for a total transaction of £1,000,000 ($1,305,312.62). Also, insider Peter Bazalgette acquired 11,875 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were acquired at an average cost of GBX 183 ($2.39) per share, for a total transaction of £21,731.25 ($28,366.07).
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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