ITV plc (ITV) Receives “Buy” Rating from Liberum Capital
ITV plc (LON:ITV)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research note issued to investors on Monday. They presently have a GBX 340 ($4.28) price target on the broadcaster’s stock. Liberum Capital’s target price indicates a potential upside of 57.04% from the company’s current price.
ITV has been the topic of a number of other research reports. Jefferies Group LLC upped their target price on shares of ITV plc from GBX 195 ($2.45) to GBX 230 ($2.89) and gave the company a “buy” rating in a research report on Monday, January 30th. HSBC Holdings plc upped their target price on shares of ITV plc from GBX 200 ($2.52) to GBX 230 ($2.89) and gave the company a “buy” rating in a research report on Friday, January 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 180 ($2.27) target price on shares of ITV plc in a research report on Tuesday, January 31st. Shore Capital reaffirmed a “buy” rating on shares of ITV plc in a research report on Thursday, January 5th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a GBX 185 ($2.33) target price on shares of ITV plc in a research report on Friday, November 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 230.86 ($2.91).
ITV plc (LON:ITV) traded down 0.46% during mid-day trading on Monday, hitting GBX 216.50. 13,111,963 shares of the stock were exchanged. The company has a 50-day moving average of GBX 211.42 and a 200-day moving average of GBX 194.66. The stock’s market capitalization is GBX 8.68 billion. ITV plc has a 52 week low of GBX 141.00 and a 52 week high of GBX 237.40.
The firm also recently announced a dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, April 27th will be given a dividend of GBX 9.80 ($0.12) per share. The ex-dividend date of this dividend is Thursday, April 27th. This is a positive change from ITV plc’s previous dividend of $2.40. This represents a dividend yield of 4.63%.
In other news, insider Anna Manz acquired 1,054 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were purchased at an average cost of GBX 212 ($2.67) per share, for a total transaction of £2,234.48 ($2,812.44). Also, insider Adam Crozier sold 240,534 shares of ITV plc stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of GBX 210 ($2.64), for a total transaction of £505,121.40 ($635,772.69).
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.
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