ITV’s (ITV) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of ITV (LON:ITV) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 85 target price on the broadcaster’s stock.

Separately, JPMorgan Chase & Co. cut shares of ITV to a “neutral” rating and decreased their target price for the stock from GBX 104 to GBX 85 in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ITV presently has a consensus rating of “Hold” and a consensus price target of GBX 85.

ITV Price Performance

ITV opened at GBX 72.12 on Monday. The stock has a 50-day moving average price of GBX 78.17 and a 200-day moving average price of GBX 79.38. The company has a debt-to-equity ratio of 52.95, a current ratio of 1.18 and a quick ratio of 0.83. The firm has a market cap of £2.70 billion, a PE ratio of 11.82, a P/E/G ratio of -0.53 and a beta of 0.82. ITV has a 1 year low of GBX 65.70 and a 1 year high of GBX 87.35.

ITV (LON:ITV) last announced its quarterly earnings results on Friday, July 31st. The broadcaster reported GBX 2.20 earnings per share (EPS) for the quarter. ITV had a net margin of 6.57% and a return on equity of 13.15%. Sell-side analysts predict that ITV will post 1120 earnings per share for the current fiscal year.

ITV announced that its Board of Directors has approved a stock repurchase plan on Friday, July 31st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the broadcaster to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Chris Kennedy sold 396,282 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total transaction of £309,099.96. Also, insider Carolyn McCall sold 652,363 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £508,843.14. 0.53% of the stock is currently owned by company insiders.

ITV Company Profile

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.