ITV plc (ITV) Upgraded to “Buy” at HSBC Holdings plc

HSBC Holdings plc upgraded shares of ITV plc (LON:ITV) to a buy rating in a research note released on Monday, October 16th. The brokerage currently has GBX 210 ($2.77) target price on the broadcaster’s stock, up from their prior target price of GBX 200 ($2.64).

Other equities research analysts have also issued research reports about the stock. Numis Securities Ltd lowered their target price on shares of ITV plc from GBX 230 ($3.04) to GBX 210 ($2.77) and set an add rating on the stock in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a buy rating on shares of ITV plc in a report on Wednesday, July 19th. Citigroup Inc reaffirmed a buy rating and issued a GBX 225 ($2.97) target price on shares of ITV plc in a report on Friday, July 7th. Liberum Capital reaffirmed a buy rating and issued a GBX 320 ($4.22) target price on shares of ITV plc in a report on Wednesday, June 21st. Finally, Shore Capital reaffirmed a buy rating on shares of ITV plc in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 208.19 ($2.75).

ITV plc (LON ITV) opened at 168.30 on Monday. The company’s 50-day moving average is GBX 169.04 and its 200 day moving average is GBX 181.37. ITV plc has a 12-month low of GBX 152.40 and a 12-month high of GBX 221.76. The stock’s market capitalization is GBX 6.75 billion.

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In other news, insider Mary Harris bought 1,945 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average cost of GBX 172 ($2.27) per share, with a total value of £3,345.40 ($4,414.62).

About ITV plc

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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