ITV’s (ITV) “Buy” Rating Reiterated at Liberum Capital

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Liberum Capital reissued their buy rating on shares of ITV (LON:ITV) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also commented on the company. Deutsche Bank reaffirmed a hold rating on shares of ITV in a research note on Friday, July 26th. Macquarie reaffirmed an underperform rating on shares of ITV in a research note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price target on ITV from GBX 200 ($2.61) to GBX 170 ($2.22) and set an overweight rating on the stock in a research note on Thursday, July 25th. Barclays decreased their price target on ITV from GBX 130 ($1.70) to GBX 125 ($1.63) and set an equal weight rating on the stock in a research note on Thursday, July 25th. Finally, Berenberg Bank reaffirmed a hold rating and issued a GBX 125 ($1.63) price target on shares of ITV in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 141.17 ($1.84).

ITV opened at GBX 126.30 ($1.65) on Friday. The firm has a market capitalization of $5.08 billion and a P/E ratio of 11.38. The stock’s 50 day moving average price is GBX 111.71 and its two-hundred day moving average price is GBX 119.51. The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 181.11. ITV has a 12-month low of GBX 102.65 ($1.34) and a 12-month high of GBX 165.80 ($2.17).

The business also recently declared a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 24th will be paid a GBX 2.60 ($0.03) dividend. This represents a yield of 2.3%. The ex-dividend date is Thursday, October 24th. ITV’s dividend payout ratio is 0.72%.

In related news, insider Mary Harris purchased 3,113 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of GBX 108 ($1.41) per share, with a total value of £3,362.04 ($4,393.10).

ITV Company Profile

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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Analyst Recommendations for ITV (LON:ITV)

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