ITV plc (ITV) Receives Hold Rating from Deutsche Bank AG

ITV plc (LON:ITV)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank AG in a research note issued to investors on Wednesday, October 18th. They presently have a GBX 180 ($2.38) target price on the broadcaster’s stock. Deutsche Bank AG’s price target indicates a potential upside of 9.76% from the company’s current price.

Several other analysts have also recently weighed in on ITV. Liberum Capital reiterated a “buy” rating and issued a GBX 320 ($4.22) price objective on shares of ITV plc in a research note on Wednesday, June 21st. Morgan Stanley upgraded shares of ITV plc to an “overweight” rating and set a GBX 230 ($3.04) price objective for the company in a research note on Friday, June 23rd. J P Morgan Chase & Co dropped their price objective on shares of ITV plc from GBX 218 ($2.88) to GBX 204 ($2.69) and set a “neutral” rating for the company in a research note on Tuesday, July 4th. Citigroup Inc. reissued a “buy” rating and issued a GBX 225 ($2.97) target price on shares of ITV plc in a report on Friday, July 7th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 200 ($2.64) target price on shares of ITV plc in a report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 208.19 ($2.75).

ITV plc (LON ITV) traded down 2.55% during midday trading on Wednesday, hitting GBX 164.00. The company had a trading volume of 25,603,067 shares. The stock’s market cap is GBX 6.58 billion. ITV plc has a 12-month low of GBX 152.40 and a 12-month high of GBX 221.76. The company’s 50 day moving average is GBX 169.16 and its 200 day moving average is GBX 181.24.

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In other news, insider Mary Harris purchased 1,945 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were purchased at an average price of GBX 172 ($2.27) per share, for a total transaction 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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