ITV (LON:ITV) Earns Neutral Rating from UBS Group

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ITV (LON:ITV)‘s stock had its “neutral” rating reaffirmed by analysts at UBS Group in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 140 ($1.84) target price on the broadcaster’s stock, up from their previous target price of GBX 130 ($1.71). UBS Group’s price target points to a potential upside of 0.21% from the company’s previous close.

Other research analysts have also issued research reports about the company. Credit Suisse Group lifted their price target on ITV from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Goldman Sachs Group lifted their price target on ITV from GBX 140 ($1.84) to GBX 171 ($2.25) and gave the stock a “neutral” rating in a research report on Monday, January 20th. Shore Capital reaffirmed a “hold” rating on shares of ITV in a research report on Tuesday, November 12th. Kepler Capital Markets lowered ITV to a “hold” rating and boosted their target price for the company from GBX 125 ($1.64) to GBX 150 ($1.97) in a report on Wednesday, November 13th. Finally, Barclays reissued an “equal weight” rating and issued a GBX 130 ($1.71) target price (up previously from GBX 120 ($1.58)) on shares of ITV in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 152.38 ($2.00).

ITV opened at GBX 139.70 ($1.84) on Tuesday. The firm has a market cap of $5.63 billion and a price-to-earnings ratio of 12.59. ITV has a 52 week low of GBX 102.65 ($1.35) and a 52 week high of GBX 165.90 ($2.18). The business’s 50 day moving average is GBX 148.16 and its two-hundred day moving average is GBX 129.76. The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 181.11.

In related news, insider Mary Harris bought 2,222 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were acquired at an average price of GBX 151 ($1.99) per share, with a total value of £3,355.22 ($4,413.60).

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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