ITV plc (LON:ITV) Given Average Rating of “Hold” by Brokerages

ITV plc (LON:ITVGet Rating) has earned an average recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 108.17 ($1.28).

Several analysts have issued reports on the stock. Barclays decreased their price objective on shares of ITV from GBX 75 ($0.89) to GBX 70 ($0.83) and set an “equal weight” rating for the company in a research note on Thursday, November 10th. JPMorgan Chase & Co. reduced their target price on shares of ITV from GBX 170 ($2.01) to GBX 160 ($1.89) and set an “overweight” rating on the stock in a research report on Thursday, November 10th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 56 ($0.66) target price on shares of ITV in a research report on Monday, November 7th. Finally, Shore Capital reaffirmed a “buy” rating on shares of ITV in a research report on Wednesday, November 9th.

Insiders Place Their Bets

In other news, insider Mary Harris purchased 4,244 shares of the business’s stock in a transaction on Friday, September 30th. The shares were acquired at an average cost of GBX 56 ($0.66) per share, with a total value of £2,376.64 ($2,810.26).

ITV Trading Down 0.7 %

Shares of ITV stock opened at GBX 77.38 ($0.92) on Friday. The company has a debt-to-equity ratio of 66.07, a quick ratio of 0.83 and a current ratio of 1.34. ITV has a 52-week low of GBX 53.97 ($0.64) and a 52-week high of GBX 124 ($1.47). The stock has a fifty day simple moving average of GBX 66.46 and a two-hundred day simple moving average of GBX 67.66. The firm has a market capitalization of £3.12 billion and a PE ratio of 649.33.

ITV Company Profile

(Get Rating)

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment 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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