HSBC Holdings plc Cuts ITV plc (ITV) Price Target to GBX 200

ITV plc (LON:ITV) had its price objective trimmed by HSBC Holdings plc from GBX 215 ($2.81) to GBX 200 ($2.61) in a report issued on Tuesday. The brokerage currently has a hold rating on the broadcaster’s stock.

A number of other equities research analysts have also weighed in on the company. Shore Capital restated a buy rating on shares of ITV plc in a research report on Monday. Liberum Capital restated a buy rating and set a GBX 320 ($4.18) price objective on shares of ITV plc in a research report on Monday. Goldman Sachs Group, Inc. (The) reduced their price objective on ITV plc from GBX 237 ($3.09) to GBX 228 ($2.98) and set a buy rating on the stock in a research report on Friday, July 14th. Barclays PLC restated an equal weight rating and set a GBX 200 ($2.61) price objective on shares of ITV plc in a research report on Friday, July 7th. Finally, Citigroup Inc. restated a buy rating and set a GBX 225 ($2.94) price objective on shares of ITV plc in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. ITV plc presently has an average rating of Hold and a consensus target price of GBX 218.45 ($2.85).

ITV plc (ITV) opened at 177.50 on Tuesday. The firm’s market cap is GBX 7.12 billion. The stock’s 50 day moving average price is GBX 181.03 and its 200 day moving average price is GBX 200.03. ITV plc has a 52 week low of GBX 156.24 and a 52 week high of GBX 221.76.

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In related news, insider Ian Griffiths sold 269,755 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of GBX 199 ($2.60), for a total transaction of £536,812.45 ($700,982.57). Also, insider Peter Bazalgette purchased 11,968 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were purchased at an average cost of GBX 182 ($2.38) per share, for a total transaction of £21,781.76 ($28,443.14).

ITV plc Company Profile

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.

Analyst Recommendations for ITV plc (LON:ITV)

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