Peel Hunt Reiterates “Buy” Rating for ITV plc (ITV)
A number of other analysts have also commented on the company. JPMorgan Chase & Co. dropped their price target on ITV plc from GBX 233 ($2.89) to GBX 225 ($2.79) and set an overweight rating for the company in a research note on Friday, November 18th. Jefferies Group reaffirmed a buy rating on shares of ITV plc in a research note on Wednesday, November 16th. Haitong Bank dropped their price target on ITV plc from GBX 210 ($2.61) to GBX 180 ($2.23) and set a neutral rating for the company in a research note on Friday, November 11th. BNP Paribas reaffirmed a neutral rating and issued a GBX 185 ($2.30) price target on shares of ITV plc in a research note on Friday, November 11th. Finally, Deutsche Bank AG dropped their price target on ITV plc from GBX 190 ($2.36) to GBX 180 ($2.23) and set a hold rating for the company in a research note on Friday, November 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 240.30 ($2.98).
ITV plc (LON:ITV) opened at 168.50 on Friday. ITV plc has a 52-week low of GBX 141.00 and a 52-week high of GBX 279.10. The company’s market cap is GBX 6.76 billion. The company’s 50-day moving average is GBX 170.18 and its 200 day moving average is GBX 189.91.
In other news, insider Peter Bazalgette purchased 11,875 shares of the business’s stock in a transaction on Friday, September 30th. The stock was acquired at an average cost of GBX 183 ($2.27) per share, for a total transaction of £21,731.25 ($26,958.50). Also, insider Crozier,Adam sold 500,000 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of GBX 200 ($2.48), for a total value of £1,000,000 ($1,240,540.88).
About ITV plc
ITV plc (ITV) is a United Kingdom-based integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. The Company operates through segments: Broadcast & Online and ITV Studios. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.
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