Shares of ITV plc (LON:ITV) reached a new 52-week low on Thursday . The company traded as low as GBX 141.40 ($1.95) and last traded at GBX 144.75 ($2.00), with a volume of 16184644 shares traded. The stock had previously closed at GBX 142.90 ($1.97).
A number of analysts have weighed in on ITV shares. Liberum Capital reiterated a “buy” rating and issued a GBX 330 ($4.56) target price on shares of ITV in a research note on Monday, November 27th. Deutsche Bank reiterated a “hold” rating and issued a GBX 180 ($2.49) target price on shares of ITV in a research note on Monday, December 4th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 210 ($2.90) target price on shares of ITV in a research note on Wednesday, January 24th. Shore Capital reiterated a “buy” rating on shares of ITV in a research note on Thursday, January 25th. Finally, Societe Generale restated a “sell” rating and set a GBX 150 ($2.07) price target on shares of ITV in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 192.93 ($2.67).
The stock has a market cap of $5,950.00 and a P/E ratio of 1,454.00.
The business also recently disclosed a dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, April 12th will be given a dividend of GBX 5.28 ($0.07) per share. The ex-dividend date is Thursday, April 12th. This represents a yield of 3.4%. This is an increase from ITV’s previous dividend of $2.52.
In related news, insider Roger Faxon acquired 1,950 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were bought at an average price of GBX 164 ($2.27) per share, with a total value of £3,198 ($4,418.35). Also, insider Carolyn McCall acquired 96,583 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were bought at an average cost of GBX 154 ($2.13) per share, for a total transaction of £148,737.82 ($205,495.74). In the last ninety days, insiders have purchased 100,546 shares of company stock worth $15,529,753.
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ITV 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.
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