ITV’s (ITV) “Buy” Rating Reiterated at Liberum Capital

ITV (LON:ITV)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 330 ($4.48) price target on the broadcaster’s stock. Liberum Capital’s price target indicates a potential upside of 97.31% from the company’s current price.

A number of other analysts have also commented on the company. Deutsche Bank reissued a “hold” rating and issued a GBX 180 ($2.44) target price on shares of ITV in a report on Monday, December 4th. Morgan Stanley reissued an “overweight” rating and issued a GBX 230 ($3.12) target price on shares of ITV in a report on Thursday, November 23rd. JPMorgan Chase & Co. raised ITV to an “overweight” rating and reduced their target price for the stock from GBX 204 ($2.77) to GBX 185 ($2.51) in a report on Tuesday, November 21st. Kepler Capital Markets reissued a “hold” rating and issued a GBX 175 ($2.37) target price on shares of ITV in a report on Wednesday, November 15th. Finally, Barclays reissued an “overweight” rating and issued a GBX 200 ($2.71) target price on shares of ITV in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. ITV currently has an average rating of “Buy” and a consensus price target of GBX 208.47 ($2.83).

Shares of ITV (LON:ITV) opened at GBX 167.25 ($2.27) on Monday. The company has a market capitalization of $6,800.00 and a price-to-earnings ratio of 1,672.50. ITV has a fifty-two week low of GBX 142.80 ($1.94) and a fifty-two week high of GBX 221.76 ($3.01).

In related news, insider Roger Faxon bought 1,950 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were bought at an average cost of GBX 164 ($2.22) per share, for a total transaction of £3,198 ($4,336.86). Also, insider Mary Harris bought 2,013 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average price of GBX 167 ($2.26) per share, for a total transaction of £3,361.71 ($4,558.87).

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://sportsperspectives.com/2018/01/17/itvs-itv-buy-rating-reiterated-at-liberum-capital.html.

ITV 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 (LON:ITV)

Receive News & Ratings for ITV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply