ITV plc (ITV) Trading 1.1% Higher

ITV plc (LON:ITV)’s share price traded up 1.1% during trading on Wednesday . The stock traded as high as GBX 176.70 ($2.34) and last traded at GBX 176.70 ($2.34). 16,190,336 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 16,365,500 shares. The stock had previously closed at GBX 174.70 ($2.32).

A number of brokerages recently issued reports on ITV. Goldman Sachs Group, Inc. (The) reduced their price target on ITV plc from GBX 237 ($3.14) to GBX 228 ($3.02) and set a “buy” rating on the stock in a research report on Friday, July 14th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of ITV plc in a research report on Tuesday, July 18th. Liberum Capital reiterated a “buy” rating and set a GBX 320 ($4.24) price objective on shares of ITV plc in a research report on Wednesday, July 26th. Kepler Capital Markets lowered their price target on shares of ITV plc from GBX 200 ($2.65) to GBX 175 ($2.32) and set a “reduce” rating for the company in a report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 180 ($2.39) target price on shares of ITV plc in a report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. ITV plc presently has an average rating of “Hold” and a consensus target price of GBX 207.71 ($2.76).

The firm has a 50-day moving average price of GBX 163.65 and a 200 day moving average price of GBX 185.38. The company’s market cap is GBX 7.09 billion.

The business also recently announced a dividend, which will be paid on Monday, November 27th. Shareholders of record on Thursday, October 26th will be paid a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date is Thursday, October 26th. This represents a yield of 1.43%.

In other ITV plc news, insider Mary Harris purchased 1,945 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of GBX 172 ($2.28) per share, for a total transaction of £3,345.40 ($4,437.46).

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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.

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