ITV (LON:ITV) had its price target lowered by Goldman Sachs from GBX 224 ($3.14) to GBX 189 ($2.65) in a research note issued on Friday. The firm currently has a “buy” rating on the broadcaster’s stock. Goldman Sachs’ price target suggests a potential upside of 27.62% from the company’s current price.
Several other equities analysts have also recently weighed in on ITV. Liberum Capital restated a “buy” rating and set a GBX 330 ($4.63) price objective on shares of ITV in a research note on Tuesday, December 19th. Credit Suisse Group restated an “outperform” rating and set a GBX 210 ($2.95) price objective on shares of ITV in a research note on Wednesday, January 24th. Shore Capital restated a “buy” rating on shares of ITV in a research note on Thursday, January 25th. Societe Generale restated a “sell” rating and set a GBX 150 ($2.11) price objective on shares of ITV in a research note on Friday, January 26th. Finally, Barclays restated an “overweight” rating and set a GBX 200 ($2.81) price objective on shares of ITV in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 189.93 ($2.67).
LON ITV opened at GBX 148.10 ($2.08) on Friday. ITV has a 12-month low of GBX 142.80 ($2.00) and a 12-month high of GBX 221.76 ($3.11).
ITV (LON:ITV) last issued its quarterly earnings data on Wednesday, February 28th. The broadcaster reported GBX 16 ($0.22) earnings per share for the quarter, beating the consensus estimate of GBX 15.70 ($0.22) by GBX 0.30 ($0.00). ITV had a return on equity of 73.04% and a net margin of 12.37%. The business had revenue of GBX 313.20 billion for the quarter.
In other ITV news, insider Carolyn McCall bought 96,583 shares of the stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of GBX 154 ($2.16) per share, for a total transaction of £148,737.82 ($208,784.14).
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ITV Company Profile
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.
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