ITV plc (LON:ITV)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a research note issued to investors on Monday. They presently have a GBX 320 ($4.18) target price on the broadcaster’s stock. Liberum Capital’s price objective indicates a potential upside of 82.13% from the company’s previous close.
Several other brokerages have also recently issued reports on ITV. Deutsche Bank AG restated a “hold” rating and issued a GBX 180 ($2.35) price target on shares of ITV plc in a research report on Thursday, May 4th. Barclays PLC restated an “equal weight” rating and issued a GBX 200 ($2.61) price target on shares of ITV plc in a research report on Thursday, May 11th. Citigroup Inc restated a “buy” rating on shares of ITV plc in a research report on Tuesday, May 9th. Morgan Stanley upgraded shares of ITV plc to an “overweight” rating and set a GBX 230 ($3.00) price target for the company in a research report on Friday, June 23rd. Finally, Macquarie restated an “outperform” rating and issued a GBX 260 ($3.40) price target on shares of ITV plc in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. ITV plc has an average rating of “Hold” and a consensus price target of GBX 218.45 ($2.85).
Shares of ITV plc (LON ITV) opened at 175.70 on Monday. The firm’s market cap is GBX 7.05 billion. The firm’s 50-day moving average is GBX 182.11 and its 200-day moving average is GBX 200.35. ITV plc has a 12-month low of GBX 156.24 and a 12-month high of GBX 221.76.
TRADEMARK VIOLATION NOTICE: This piece was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://stocknewstimes.com/2017/07/19/itv-plc-lonitv-stock-rating-reaffirmed-by-liberum-capital.html.
In other ITV plc news, insider Peter Bazalgette acquired 11,968 shares of the company’s stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of GBX 182 ($2.38) per share, with a total value of £21,781.76 ($28,443.14). Also, insider Ian Griffiths sold 269,755 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.60), for a total transaction of £536,812.45 ($700,982.57).
About ITV plc
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.
Receive News & Ratings for ITV plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV plc and related companies with MarketBeat.com's FREE daily email newsletter.
