ITV plc (ITV) Price Target Cut to GBX 228

ITV plc (LON:ITV) had its target price decreased by Goldman Sachs Group, Inc. (The) from GBX 237 ($3.09) to GBX 228 ($2.98) in a research note issued on Friday. The brokerage currently has a “buy” rating on the broadcaster’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 28.60% from the stock’s current price.

A number of other research analysts have also recently weighed in on ITV. Macquarie restated an “outperform” rating and issued a GBX 255 ($3.33) price target on shares of ITV plc in a research report on Thursday, March 16th. Liberum Capital restated a “buy” rating and issued a GBX 340 ($4.44) price target on shares of ITV plc in a research report on Saturday, March 18th. Berenberg Bank restated a “hold” rating and issued a GBX 200 ($2.61) price target on shares of ITV plc in a research report on Thursday, March 30th. J P Morgan Chase & Co cut ITV plc to a “neutral” rating and dropped their price target for the company from GBX 235 ($3.07) to GBX 233 ($3.04) in a research report on Friday, April 7th. Finally, Shore Capital restated a “buy” rating on shares of ITV plc in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company. ITV plc has an average rating of “Hold” and a consensus price target of GBX 218.45 ($2.85).

Shares of ITV plc (LON ITV) opened at 177.30 on Friday. ITV plc has a 52 week low of GBX 156.24 and a 52 week high of GBX 221.76. The firm’s 50-day moving average is GBX 188.10 and its 200 day moving average is GBX 202.00. The firm’s market cap is GBX 7.11 billion.

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In other ITV plc news, insider Peter Bazalgette acquired 11,968 shares of the company’s stock in a transaction on Friday, June 30th. The shares were bought at an average cost of GBX 182 ($2.38) per share, for a total transaction of £21,781.76 ($28,443.14). Also, insider Ian Griffiths sold 269,755 shares of ITV plc stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of GBX 199 ($2.60), for a total value of £536,812.45 ($700,982.57).

ITV plc Company Profile

ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.

Analyst Recommendations for ITV plc (LON:ITV)

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