ITV (LON:ITV) Rating Reiterated by Liberum Capital

ITV (LON:ITV)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a research note issued to investors on Monday, February 26th. They currently have a GBX 310 ($4.28) target price on the broadcaster’s stock. Liberum Capital’s price objective would indicate a potential upside of 107.36% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Barclays reissued an “overweight” rating and set a GBX 200 ($2.76) price target on shares of ITV in a report on Monday, January 29th. Shore Capital reiterated a “buy” rating on shares of ITV in a research report on Thursday, January 25th. Citigroup reiterated a “buy” rating on shares of ITV in a research report on Monday, November 13th. JPMorgan Chase & Co. upgraded ITV to an “overweight” rating and dropped their target price for the company from GBX 204 ($2.82) to GBX 185 ($2.56) in a research report on Tuesday, November 21st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 210 ($2.90) price target on shares of ITV in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 192.93 ($2.67).

ITV (LON ITV) traded up GBX 0.40 ($0.01) during mid-day trading on Monday, reaching GBX 149.50 ($2.07). The company had a trading volume of 13,870,000 shares, compared to its average volume of 19,490,000. ITV has a one year low of GBX 142.80 ($1.97) and a one year high of GBX 221.76 ($3.06). The company has a market cap of $6,020.00 and a price-to-earnings ratio of 1,495.00.

ITV (LON:ITV) last released its quarterly earnings results on Wednesday, February 28th. The broadcaster reported GBX 16 ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 15.70 ($0.22) by GBX 0.30 ($0.00). The firm had revenue of GBX 313.20 billion for the quarter. ITV had a return on equity of 73.04% and a net margin of 12.37%.

In other ITV news, insider Mary Harris acquired 2,013 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were bought at an average cost of GBX 167 ($2.31) per share, for a total transaction of £3,361.71 ($4,644.53). Also, insider Carolyn McCall bought 96,583 shares of the stock in a transaction dated Friday, March 2nd. The stock was purchased at an average cost of GBX 154 ($2.13) per share, for a total transaction of £148,737.82 ($205,495.74). Over the last ninety days, insiders have bought 100,546 shares of company stock valued at $15,529,753.

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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)

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