ITV plc (LON:ITV)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a report issued on Wednesday, October 18th. They presently have a GBX 180 ($2.37) price target on the broadcaster’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 14.29% from the stock’s previous close.
A number of other brokerages have also recently weighed in on ITV. Kepler Capital Markets dropped their target price on shares of ITV plc from GBX 200 ($2.63) to GBX 175 ($2.30) and set a “reduce” rating on the stock in a report on Thursday, July 27th. Liberum Capital restated a “buy” rating and set a GBX 320 ($4.21) price target on shares of ITV plc in a research report on Thursday, August 31st. HSBC Holdings plc upgraded shares of ITV plc to a “buy” rating and upped their price target for the stock from GBX 200 ($2.63) to GBX 210 ($2.76) in a research report on Monday, October 16th. J P Morgan Chase & Co restated a “neutral” rating on shares of ITV plc in a research report on Tuesday, July 18th. Finally, Morgan Stanley upgraded shares of ITV plc to an “overweight” rating and set a GBX 230 ($3.03) price target for the company in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. ITV plc currently has a consensus rating of “Hold” and a consensus target price of GBX 208.19 ($2.74).
Shares of ITV plc (LON:ITV) traded down GBX 2.30 ($0.03) during trading hours on Wednesday, hitting GBX 157.50 ($2.07). 18,694,386 shares of the company’s stock were exchanged. ITV plc has a 52 week low of GBX 152.40 ($2.00) and a 52 week high of GBX 221.76 ($2.92).
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In other news, insider Mary Harris acquired 1,945 shares of ITV plc stock in a transaction on Friday, September 29th. The stock was bought at an average cost of GBX 172 ($2.26) per share, with a total value of £3,345.40 ($4,400.11).
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.
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