ITV plc (LON:ITV) shares shot up 0% during trading on Wednesday . The stock traded as high as GBX 166.55 ($2.30) and last traded at GBX 165.40 ($2.29). 13,560,217 shares changed hands during trading, a decline of 7% from the average session volume of 14,620,000 shares. The stock had previously closed at GBX 165.40 ($2.29).
Several research firms have recently commented on ITV. Liberum Capital reiterated a “buy” rating and set a GBX 330 ($4.56) price target on shares of ITV in a report on Monday. Deutsche Bank reiterated a “hold” rating and set a GBX 180 ($2.49) price target on shares of ITV in a report on Wednesday, January 31st. Barclays reiterated an “overweight” rating and set a GBX 200 ($2.76) price target on shares of ITV in a report on Monday, January 29th. Societe Generale reiterated a “sell” rating and set a GBX 150 ($2.07) price target on shares of ITV in a report on Friday, January 26th. Finally, Shore Capital reiterated a “buy” rating on shares of ITV in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 205.06 ($2.83).
The stock has a market capitalization of $6,660.00 and a P/E ratio of 1,654.00.
In related news, insider Mary Harris acquired 2,013 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average cost of GBX 167 ($2.31) per share, with a total value of £3,361.71 ($4,644.53). Also, insider Roger Faxon acquired 1,950 shares of the stock in a transaction dated Friday, December 29th. The shares were bought at an average cost of GBX 164 ($2.27) per share, with a total value of £3,198 ($4,418.35).
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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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