Liberum Capital reaffirmed their buy rating on shares of ITV plc (LON:ITV) in a research report sent to investors on Tuesday morning, StockTargetPrices.com reports. Liberum Capital currently has a GBX 360 ($4.46) target price on the broadcaster’s stock.
Several other equities analysts also recently commented on ITV. Societe Generale downgraded shares of ITV plc to a sell rating and decreased their price target for the company from GBX 280 ($3.47) to GBX 180 ($2.23) in a research note on Friday, June 24th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 228 ($2.82) price target on shares of ITV plc in a research note on Monday, June 27th. BNP Paribas restated a neutral rating and issued a GBX 190 ($2.35) price target on shares of ITV plc in a research note on Monday, June 27th. Credit Suisse Group AG decreased their price target on shares of ITV plc from GBX 255 ($3.16) to GBX 200 ($2.48) and set an outperform rating on the stock in a research note on Friday, July 1st. Finally, Barclays PLC reduced their price objective on shares of ITV plc from GBX 225 ($2.78) to GBX 190 ($2.35) and set an equal weight rating on the stock in a research note on Monday, July 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 249.42 ($3.09).
Shares of ITV plc (LON:ITV) traded down 1.18% on Tuesday, reaching GBX 175.50. 6,265,810 shares of the company traded hands. The stock has a 50 day moving average of GBX 194.08 and a 200 day moving average of GBX 204.88. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 279.10. The stock’s market cap is GBX 7.04 billion.
The firm also recently announced a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 27th will be paid a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 27th.
In other news, insider Anna Manz acquired 27,282 shares of the stock in a transaction that occurred on Friday, October 7th. The shares were acquired at an average cost of GBX 182 ($2.25) per share, for a total transaction of £49,653.24 ($61,452.03). Also, insider Peter Bazalgette acquired 11,875 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was purchased at an average price of GBX 183 ($2.26) per share, for a total transaction of £21,731.25 ($26,895.11).
About ITV plc
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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