ITV plc (ITV) Receives Consensus Rating of “Buy” from Brokerages

ITV plc (LON:ITV) has been given a consensus rating of “Buy” by the sixteen brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 202.43 ($2.80).

A number of research firms have commented on ITV. Barclays reissued 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 reissued a “sell” rating and set a GBX 150 ($2.07) price target on shares of ITV in a report on Friday, January 26th. Citigroup reissued a “buy” rating and set a GBX 220 ($3.04) price target on shares of ITV in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a GBX 230 ($3.18) price target on shares of ITV in a report on Wednesday. Finally, Liberum Capital reissued a “buy” rating and set a GBX 330 ($4.56) price target on shares of ITV in a report on Monday, January 8th.

In other ITV news, insider Mary Harris bought 2,013 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was acquired at an average price of GBX 167 ($2.31) per share, for a total transaction of £3,361.71 ($4,644.53). Also, insider Roger Faxon bought 1,950 shares of the company’s stock in a transaction on Friday, December 29th. The shares were acquired at an average price of GBX 164 ($2.27) per share, with a total value of £3,198 ($4,418.35).

ITV (LON ITV) traded up GBX 0.90 ($0.01) during trading hours on Wednesday, reaching GBX 172.25 ($2.38). The company’s stock had a trading volume of 12,195,749 shares, compared to its average volume of 13,940,000. The company has a market capitalization of $6,930.00 and a PE ratio of 1,722.50. ITV has a twelve month low of GBX 142.80 ($1.97) and a twelve month high of GBX 221.76 ($3.06).

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About ITV

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 (LON:ITV)

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