Several other equities analysts have also recently commented on ITV. Berenberg Bank reduced their target price on ITV from GBX 125 ($1.64) to GBX 120 ($1.58) and set a hold rating for the company in a research note on Monday, March 9th. Barclays reduced their target price on ITV from GBX 120 ($1.58) to GBX 80 ($1.05) and set an equal weight rating for the company in a research note on Monday. Citigroup reiterated a buy rating on shares of ITV in a research note on Thursday, March 19th. Liberum Capital reiterated a buy rating on shares of ITV in a research note on Monday. Finally, UBS Group reiterated a neutral rating and set a GBX 130 ($1.71) target price (down from GBX 140 ($1.84)) on shares of ITV in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 136.25 ($1.79).
Shares of ITV stock traded up GBX 5.72 ($0.08) on Tuesday, hitting GBX 65.72 ($0.86). 37,150,089 shares of the company’s stock traded hands, compared to its average volume of 19,490,000. The stock has a market cap of $2.42 billion and a P/E ratio of 5.57. The company has a quick ratio of 0.86, a current ratio of 1.14 and a debt-to-equity ratio of 131.44. The firm’s 50-day moving average is GBX 109.45 and its 200 day moving average is GBX 130.49. ITV has a 52-week low of GBX 82.90 ($1.09) and a 52-week high of GBX 165.90 ($2.18).
In other news, insider Mary Harris purchased 2,222 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of GBX 151 ($1.99) per share, with a total value of £3,355.22 ($4,413.60).
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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