ITV (LON:ITV)‘s stock had its “buy” rating reaffirmed by research analysts at Liberum Capital in a research note issued on Monday. They presently have a GBX 330 ($4.48) price objective on the broadcaster’s stock. Liberum Capital’s target price suggests a potential upside of 97.31% from the stock’s previous close.
Several other research firms have also issued reports on ITV. upgraded ITV to a “buy” rating and raised their price target for the stock from GBX 200 ($2.71) to GBX 210 ($2.85) in a research report on Monday, October 16th. Deutsche Bank reiterated a “hold” rating and issued a GBX 180 ($2.44) price objective on shares of ITV in a report on Wednesday, November 15th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 224 ($3.04) price objective on shares of ITV in a report on Friday, September 22nd. Barclays reiterated an “overweight” rating and issued a GBX 200 ($2.71) price objective on shares of ITV in a report on Wednesday, November 15th. Finally, Shore Capital reiterated a “buy” rating on shares of ITV in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 208.47 ($2.83).
ITV (ITV) opened at GBX 167.25 ($2.27) on Monday. ITV has a 1 year low of GBX 142.80 ($1.94) and a 1 year high of GBX 221.76 ($3.01). The stock has a market capitalization of $6,800.00 and a P/E ratio of 1,672.50.
In related news, insider Mary Harris acquired 2,013 shares of the stock in a transaction on Tuesday, January 2nd. The stock was acquired at an average price of GBX 167 ($2.26) per share, for a total transaction of £3,361.71 ($4,558.87). Also, insider Roger Faxon acquired 1,950 shares of the stock in a transaction on Friday, December 29th. The shares were bought at an average price of GBX 164 ($2.22) per share, with a total value of £3,198 ($4,336.86).
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ITV 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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