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.
COPYRIGHT VIOLATION WARNING: This news story was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/03/14/liberum-capital-reiterates-buy-rating-for-itv-itv.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.
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.