ITV plc (ITV) Trading 1% Higher
Shares of ITV plc (LON:ITV) traded up 1% on Monday . The stock traded as high as GBX 166.30 ($2.19) and last traded at GBX 165.70 ($2.19). 16,713,420 shares changed hands during trading, a decline of 0% from the average session volume of 16,787,800 shares. The stock had previously closed at GBX 164 ($2.16).
Several analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) dropped their target price on shares of ITV plc from GBX 237 ($3.13) to GBX 228 ($3.01) and set a “buy” rating on the stock in a research report on Friday, July 14th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of ITV plc in a report on Tuesday, July 18th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 320 ($4.22) price objective on shares of ITV plc in a report on Wednesday, July 26th. Kepler Capital Markets dropped their price objective on shares of ITV plc from GBX 200 ($2.64) to GBX 175 ($2.31) and set a “reduce” rating on the stock in a report on Thursday, July 27th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 180 ($2.38) price objective on shares of ITV plc in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 208.19 ($2.75).
The firm has a 50-day moving average price of GBX 169.37 and a 200-day moving average price of GBX 180.00. The company’s market capitalization is GBX 6.53 billion.
In other news, insider Mary Harris purchased 1,945 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was acquired at an average price of GBX 172 ($2.27) per share, with a total value of £3,345.40 ($4,414.62).
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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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