ITV (LON:ITV) Downgraded by Shore Capital to Hold
ITV (LON:ITV) was downgraded by equities researchers at Shore Capital to a “hold” rating in a research note issued on Friday, Digital Look reports.
Other analysts have also recently issued reports about the stock. Liberum Capital restated a “buy” rating on shares of ITV in a report on Friday. Goldman Sachs Group lowered their target price on shares of ITV from GBX 187 ($2.44) to GBX 121 ($1.58) and set a “neutral” rating for the company in a research note on Monday, June 3rd. JPMorgan Chase & Co. lowered their target price on shares of ITV from GBX 200 ($2.61) to GBX 170 ($2.22) and set an “overweight” rating for the company in a research note on Thursday, July 25th. Deutsche Bank reiterated a “hold” rating on shares of ITV in a research note on Friday, July 26th. Finally, UBS Group reiterated a “neutral” rating on shares of ITV in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. ITV has an average rating of “Hold” and a consensus price target of GBX 141.17 ($1.84).
Shares of LON:ITV traded up GBX 5.30 ($0.07) during trading on Friday, reaching GBX 125.45 ($1.64). The stock had a trading volume of 7,471,639 shares, compared to its average volume of 19,490,000. ITV has a one year low of GBX 102.65 ($1.34) and a one year high of GBX 165.80 ($2.17). The company has a market capitalization of $5.04 billion and a P/E ratio of 11.30. The company has a current ratio of 0.97, a quick ratio of 0.72 and a debt-to-equity ratio of 181.11. The firm’s 50-day simple moving average is GBX 111.39 and its 200 day simple moving average is GBX 119.55.
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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