Analysts Set ITV plc (LON:ITV) Price Target at GBX 113

ITV plc (LON:ITV) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 113 ($1.44).

Several equities analysts have recently commented on the company. Credit Suisse Group decreased their target price on ITV from GBX 170 ($2.16) to GBX 110 ($1.40) and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Barclays upped their target price on ITV from GBX 75 ($0.95) to GBX 80 ($1.02) and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Berenberg Bank decreased their target price on ITV from GBX 120 ($1.53) to GBX 88 ($1.12) and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Liberum Capital reaffirmed a “buy” rating on shares of ITV in a research report on Monday, March 23rd. Finally, Citigroup decreased their target price on ITV from GBX 105 ($1.34) to GBX 95 ($1.21) and set a “buy” rating on the stock in a research report on Thursday, April 2nd.

LON:ITV traded down GBX 0.74 ($0.01) on Friday, hitting GBX 71.74 ($0.91). The company’s stock had a trading volume of 9,045,125 shares, compared to its average volume of 19,490,000. The company has a current ratio of 1.14, a quick ratio of 0.86 and a debt-to-equity ratio of 131.44. The stock has a fifty day moving average of GBX 78.23 and a two-hundred day moving average of GBX 104.74. The firm has a market capitalization of $2.92 billion and a P/E ratio of 6.08. ITV has a one year low of GBX 50.06 ($0.64) and a one year high of GBX 165.90 ($2.11).

In other ITV news, insider Margaret Ewing bought 15,000 shares of ITV stock in a transaction on Monday, April 20th. The shares were purchased at an average price of GBX 70 ($0.89) per share, with a total value of £10,500 ($13,363.88). Also, insider Kyla Mullins sold 194,166 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of GBX 63 ($0.80), for a total value of £122,324.58 ($155,688.66).

ITV Company Profile

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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Analyst Recommendations for ITV (LON:ITV)

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