Liberum Capital reiterated their buy rating on shares of ITV (LON:ITV) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued research reports about the stock. Berenberg Bank reduced their target price on shares of ITV from GBX 125 ($1.64) to GBX 120 ($1.58) and set a hold rating on the stock in a report on Monday, March 9th. UBS Group restated a neutral rating and set a GBX 130 ($1.71) target price (down previously from GBX 140 ($1.84)) on shares of ITV in a report on Monday, March 2nd. Citigroup restated a buy rating on shares of ITV in a report on Thursday, March 19th. BNP Paribas upgraded shares of ITV to an outperform rating and boosted their price objective for the stock from GBX 120 ($1.58) to GBX 165 ($2.17) in a report on Thursday, December 5th. Finally, Credit Suisse Group cut their price objective on shares of ITV from GBX 175 ($2.30) to GBX 170 ($2.24) and set an outperform rating on the stock in a report on Friday, March 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. ITV currently has an average rating of Hold and a consensus target price of GBX 136.25 ($1.79).
LON:ITV opened at GBX 65.72 ($0.86) on Monday. The company has a current ratio of 1.14, a quick ratio of 0.86 and a debt-to-equity ratio of 131.44. The firm has a market capitalization of $2.65 billion and a price-to-earnings ratio of 5.57. The firm’s fifty day simple moving average is GBX 108.01 and its 200 day simple moving average is GBX 130.24. ITV has a twelve month low of GBX 82.90 ($1.09) and a twelve month high of GBX 165.90 ($2.18).
The business also recently declared a dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, April 9th will be given a dividend of GBX 5.40 ($0.07) per share. The ex-dividend date is Thursday, April 9th. This represents a dividend yield of 4.64%. This is an increase from ITV’s previous dividend of $2.60. ITV’s dividend payout ratio (DPR) is presently 0.68%.
In related news, insider Mary Harris purchased 2,222 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average cost of GBX 151 ($1.99) per share, with a total value of £3,355.22 ($4,413.60).
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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