ITV (ITV) Stock Rating Reaffirmed by Barclays

ITV (LON:ITV)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a report released on Thursday. They presently have a GBX 170 ($2.22) price objective on the broadcaster’s stock, down from their prior price objective of GBX 180 ($2.35). Barclays’ price target suggests a potential upside of 12.14% from the company’s previous close.

Several other equities research analysts have also recently weighed in on ITV. Liberum Capital reaffirmed a “buy” rating and issued a GBX 260 ($3.40) price target on shares of ITV in a research note on Wednesday, October 3rd. UBS Group reaffirmed a “neutral” rating and issued a GBX 160 ($2.09) price target (down from GBX 165 ($2.16)) on shares of ITV in a research note on Thursday, October 18th. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research note on Wednesday. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a GBX 170 ($2.22) price target on shares of ITV in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. ITV currently has an average rating of “Hold” and an average price target of GBX 187.29 ($2.45).

Shares of ITV traded up GBX 1.60 ($0.02) during mid-day trading on Thursday, hitting GBX 151.60 ($1.98). 10,384,718 shares of the company’s stock traded hands, compared to its average volume of 19,490,000. ITV has a 1 year low of GBX 142.80 ($1.87) and a 1 year high of GBX 221.76 ($2.90).

In other news, insider Mary Harris purchased 2,727 shares of ITV stock in a transaction that occurred on Friday, September 28th. The shares were bought at an average cost of GBX 157 ($2.05) per share, with a total value of £4,281.39 ($5,594.39).

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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Analyst Recommendations for ITV (LON:ITV)

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