Shares of ITV plc (LON:ITV) have earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 187.62 ($2.69).
A number of equities research analysts have recently weighed in on ITV shares. Liberum Capital reiterated a “buy” rating and issued a GBX 330 ($4.73) price target on shares of ITV in a report on Monday, January 15th. Barclays reiterated an “overweight” rating and issued a GBX 200 ($2.86) price target on shares of ITV in a report on Monday, January 29th. Shore Capital reiterated a “buy” rating on shares of ITV in a report on Thursday, January 25th. HSBC downgraded ITV to a “hold” rating and set a GBX 180 ($2.58) price target for the company. in a report on Thursday, March 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 210 ($3.01) price target on shares of ITV in a report on Wednesday, January 24th.
In other ITV news, insider Carolyn McCall purchased 96,583 shares of ITV stock in a transaction on Friday, March 2nd. The stock was bought at an average price of GBX 154 ($2.21) per share, for a total transaction of £148,737.82 ($212,969.39).
Shares of LON ITV remained flat at $GBX 143.85 ($2.06) during trading on Thursday. The stock had a trading volume of 11,378,311 shares, compared to its average volume of 19,490,000. ITV has a 1-year low of GBX 142.80 ($2.04) and a 1-year high of GBX 221.76 ($3.18).
ITV (LON:ITV) last issued its quarterly earnings results on Wednesday, February 28th. The broadcaster reported GBX 16 ($0.23) earnings per share for the quarter, beating the Zacks’ 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 during the quarter.
The business also recently disclosed a dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, April 12th will be given a dividend of GBX 5.28 ($0.08) per share. The ex-dividend date is Thursday, April 12th. This represents a yield of 3.4%. This is a positive change from ITV’s previous dividend of $2.52.
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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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