Barclays reissued their equal weight rating on shares of ITV (LON:ITV) in a research report sent to investors on Wednesday morning, Digital Look reports. The firm currently has a GBX 130 ($1.70) price target on the broadcaster’s stock, up from their previous price target of GBX 120 ($1.57).
ITV has been the subject of a number of other research reports. Morgan Stanley restated an equal weight rating on shares of ITV in a report on Monday, November 11th. Credit Suisse Group increased their target price on ITV from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the company an outperform rating in a report on Tuesday. Deutsche Bank restated a hold rating on shares of ITV in a report on Friday, July 26th. Goldman Sachs Group increased their target price on ITV from GBX 124 ($1.62) to GBX 140 ($1.83) and gave the company a neutral rating in a report on Wednesday. Finally, Berenberg Bank restated a hold rating and issued a GBX 125 ($1.63) target price on shares of ITV in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 147.15 ($1.92).
Shares of ITV traded up GBX 1.25 ($0.02) during mid-day trading on Wednesday, reaching GBX 134.10 ($1.75). The company’s stock had a trading volume of 9,309,341 shares, compared to its average volume of 19,490,000. The business has a fifty day moving average of GBX 131.10 and a 200 day moving average of GBX 118.69. The company has a market cap of $5.41 billion and a price-to-earnings ratio of 12.08. ITV has a 1 year low of GBX 102.65 ($1.34) and a 1 year high of GBX 161.30 ($2.11). The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 181.11.
In other news, insider Mary Harris acquired 2,672 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average cost of GBX 126 ($1.65) per share, for a total transaction of £3,366.72 ($4,399.22). Also, insider Salman Amin acquired 8,079 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of GBX 136 ($1.78) per share, with a total value of £10,987.44 ($14,357.04). Over the last quarter, insiders have purchased 23,551 shares of company stock valued at $3,035,416.
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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