ITV plc (ITV) Receives Consensus Recommendation of “Buy” from Analysts
ITV plc (LON:ITV) has earned an average recommendation of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 202.43 ($2.80).
Several equities research analysts have commented on the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 330 ($4.56) price target on shares of ITV in a report on Friday, October 27th. Shore Capital reaffirmed a “buy” rating on shares of ITV in a report on Thursday, January 25th. Citigroup reaffirmed a “buy” rating on shares of ITV in a report on Monday, November 13th. Barclays reaffirmed an “overweight” rating and issued a GBX 200 ($2.76) price target on shares of ITV in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. raised shares of ITV to an “overweight” rating and lowered their price target for the company from GBX 204 ($2.82) to GBX 185 ($2.56) in a report on Tuesday, November 21st.
ITV (ITV) traded up GBX 0.90 ($0.01) during midday trading on Wednesday, hitting GBX 172.25 ($2.38). The company had a trading volume of 12,195,749 shares, compared to its average volume of 13,940,000. ITV has a 52-week low of GBX 142.80 ($1.97) and a 52-week high of GBX 221.76 ($3.06). The firm has a market cap of $6,930.00 and a P/E ratio of 1,722.50.
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ITV 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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