Several other research firms also recently weighed in on ITV. Kepler Capital Markets lowered their target price on ITV from GBX 175 ($2.42) to GBX 165 ($2.28) and set a hold rating on the stock in a research report on Tuesday. Liberum Capital reiterated a buy rating and set a GBX 265 ($3.66) target price on shares of ITV in a research report on Monday, March 19th. Deutsche Bank reiterated a hold rating on shares of ITV in a research report on Thursday, March 1st. Numis Securities reiterated an add rating and set a GBX 190 ($2.63) target price on shares of ITV in a research report on Wednesday, February 28th. Finally, Berenberg Bank lowered their target price on ITV from GBX 200 ($2.76) to GBX 185 ($2.56) and set a hold rating on the stock in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. ITV has a consensus rating of Hold and a consensus target price of GBX 192.27 ($2.66).
ITV stock opened at GBX 144.15 ($1.99) on Wednesday. ITV has a 1 year low of GBX 142.80 ($1.97) and a 1 year high of GBX 221.76 ($3.06).
The firm also recently declared a dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, April 12th will be issued a dividend of GBX 5.28 ($0.07) per share. The ex-dividend date of this dividend is Thursday, April 12th. This is a boost from ITV’s previous dividend of $2.52. This represents a yield of 3.4%.
In other ITV news, insider Mary Harris purchased 2,013 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were acquired at an average cost of GBX 167 ($2.31) per share, with a total value of £3,361.71 ($4,644.53). Also, insider Carolyn McCall purchased 96,583 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of GBX 154 ($2.13) per share, for a total transaction of £148,737.82 ($205,495.74).
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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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