ITV (ITV) Stock Rating Reaffirmed by UBS Group

ITV (LON:ITV)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a note issued to investors on Thursday, reports. They currently have a GBX 150 ($1.96) price target on the broadcaster’s stock, down from their prior price target of GBX 160 ($2.09). UBS Group’s target price suggests a potential downside of 0.40% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Barclays reissued an “equal weight” rating and set a GBX 170 ($2.22) target price (down from GBX 180 ($2.35)) on shares of ITV in a report on Thursday. Shore Capital reissued a “buy” rating on shares of ITV in a report on Wednesday. Liberum Capital reissued a “buy” rating and set a GBX 260 ($3.40) target price on shares of ITV in a report on Monday, November 5th. Morgan Stanley dropped their target price on shares of ITV from GBX 210 ($2.74) to GBX 190 ($2.48) and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Finally, Kepler Capital Markets reissued a “hold” rating on shares of ITV in a report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 187.29 ($2.45).

Shares of LON:ITV traded down GBX 0.80 ($0.01) on Thursday, reaching GBX 150.60 ($1.97). 16,443,475 shares of the company’s stock were exchanged, compared to its average volume of 19,490,000. ITV has a fifty-two week low of GBX 142.80 ($1.87) and a fifty-two week high of GBX 221.76 ($2.90).

In other news, insider Mary Harris purchased 2,727 shares of the stock in a transaction dated Friday, September 28th. The stock was acquired at an average price of GBX 157 ($2.05) per share, for a total transaction of £4,281.39 ($5,594.39). Also, insider Salman Amin purchased 7,960 shares of the stock in a transaction dated Thursday, November 8th. The shares were purchased at an average price of GBX 151 ($1.97) per share, with a total value of £12,019.60 ($15,705.74).

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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