ITV plc (LON:ITV)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a research report issued on Monday. They currently have a GBX 180 ($2.29) target price on the broadcaster’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 2.39% from the stock’s current price.
Other analysts have also issued research reports about the stock. Liberum Capital reaffirmed a “buy” rating and set a GBX 340 ($4.33) target price on shares of ITV plc in a report on Wednesday, May 3rd. Shore Capital reissued a “buy” rating on shares of ITV plc in a research note on Wednesday, May 10th. Macquarie boosted their price target on shares of ITV plc from GBX 255 ($3.25) to GBX 265 ($3.38) and gave the stock an “outperform” rating in a research note on Monday, April 10th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 218 ($2.78) price target (down previously from GBX 233 ($2.97)) on shares of ITV plc in a research note on Thursday, May 11th. Finally, HSBC Holdings plc cut shares of ITV plc to a “hold” rating and cut their price target for the stock from GBX 230 ($2.93) to GBX 215 ($2.74) in a research note on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. ITV plc presently has an average rating of “Hold” and an average target price of GBX 223.76 ($2.85).
Shares of ITV plc (LON ITV) opened at 177.20 on Monday. The firm’s market cap is GBX 7.11 billion. The company’s 50 day moving average is GBX 192.62 and its 200 day moving average is GBX 202.10. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 221.76.
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In related news, insider Ian Griffiths sold 269,755 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.54), for a total value of £536,812.45 ($683,924.64). Also, insider Anna Manz acquired 1,054 shares of the stock in a transaction that occurred on Friday, March 31st. The stock was acquired at an average cost of GBX 212 ($2.70) per share, with a total value of £2,234.48 ($2,846.83).
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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