ITV plc (LON:ITV) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 209.41 ($2.73).
A number of analysts have recently issued reports on ITV shares. Citigroup Inc. reiterated a “buy” rating on shares of ITV plc in a research report on Tuesday, May 9th. Morgan Stanley upgraded 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. Shore Capital reiterated a “buy” rating on shares of ITV plc in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 256 ($3.33) price target (down previously from GBX 257 ($3.35)) on shares of ITV plc in a research report on Wednesday, April 12th. Finally, Macquarie lifted their price target on ITV plc from GBX 255 ($3.32) to GBX 265 ($3.45) and gave the company an “outperform” rating in a research report on Monday, April 10th.
In other ITV plc news, insider Peter Bazalgette bought 11,968 shares of ITV plc stock in a transaction dated Friday, June 30th. The shares were purchased at an average cost of GBX 182 ($2.37) per share, with a total value of £21,781.76 ($28,365.36). Also, insider Ian Griffiths sold 269,755 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.59), for a total value of £536,812.45 ($699,065.57).
ITV plc (LON ITV) traded up 0.17% on Friday, hitting GBX 175.00. 7,309,046 shares of the stock were exchanged. The firm’s market cap is GBX 7.02 billion. ITV plc has a 52-week low of GBX 156.24 and a 52-week high of GBX 221.76. The company has a 50-day moving average price of GBX 177.89 and a 200-day moving average price of GBX 197.48.
The firm also recently announced a dividend, which will be paid on Monday, November 27th. Stockholders of record on Thursday, October 26th will be paid a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 1.43%.
COPYRIGHT VIOLATION NOTICE: “ITV plc (ITV) Receives GBX 209.41 Consensus Price Target from Brokerages” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/08/itv-plc-itv-receives-gbx-209-41-consensus-price-target-from-brokerages.html.
ITV plc Company Profile
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.
