Brokerages Set ITV plc (ITV) Price Target at $190.58

Shares of ITV plc (LON:ITV) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 190.58 ($2.49).

A number of analysts have weighed in on the company. Liberum Capital restated a “buy” rating on shares of ITV in a report on Monday, July 9th. Goldman Sachs Group lowered ITV to a “neutral” rating and upped their target price for the stock from GBX 189 ($2.47) to GBX 194 ($2.53) in a report on Thursday, July 12th. Deutsche Bank restated a “hold” rating on shares of ITV in a report on Thursday, July 19th. Citigroup restated a “buy” rating on shares of ITV in a report on Tuesday, July 17th. Finally, Shore Capital restated a “buy” rating on shares of ITV in a report on Friday, July 20th.

In other ITV news, insider Mary Harris acquired 2,727 shares of the firm’s stock in a transaction dated Friday, September 28th. The stock was purchased at an average price of GBX 157 ($2.05) per share, for a total transaction of £4,281.39 ($5,594.39).

ITV stock traded down GBX 0.95 ($0.01) during mid-day trading on Monday, reaching GBX 154.80 ($2.02). 9,243,431 shares of the company were exchanged, compared to its average volume of 19,490,000. ITV has a 12-month low of GBX 142.80 ($1.87) and a 12-month high of GBX 221.76 ($2.90).

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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Analyst Recommendations for ITV (LON:ITV)

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