Liberum Capital reissued their buy rating on shares of ITV (LON:ITV) in a research report sent to investors on Tuesday morning. They currently have a GBX 265 ($3.66) price target on the broadcaster’s stock.
Several other brokerages have also recently commented on ITV. Deutsche Bank restated a hold rating and issued a GBX 180 ($2.49) target price on shares of ITV in a research report on Wednesday, November 15th. Barclays cut shares of ITV to an equal weight rating and lowered their price objective for the stock from GBX 200 ($2.76) to GBX 180 ($2.49) in a research report on Thursday, March 1st. Numis Securities reiterated an add rating and set a GBX 190 ($2.63) price objective on shares of ITV in a research report on Wednesday, February 28th. Societe Generale reiterated a sell rating and set a GBX 150 ($2.07) price objective on shares of ITV in a research report on Friday, January 26th. Finally, Morgan Stanley reiterated an overweight rating and set a GBX 230 ($3.18) price objective on shares of ITV in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 192.93 ($2.67).
ITV (ITV) opened at GBX 153.30 ($2.12) on Tuesday. The company has a market cap of $6,180.00 and a P/E ratio of 1,533.00. ITV has a 12-month low of GBX 142.80 ($1.97) and a 12-month high of GBX 221.76 ($3.06).
ITV (LON:ITV) last issued its earnings results on Wednesday, February 28th. The broadcaster reported GBX 16 ($0.22) EPS for the quarter, beating the consensus estimate of GBX 15.70 ($0.22) by GBX 0.30 ($0.00). The company had revenue of GBX 313.20 billion during the quarter. ITV had a net margin of 12.37% and a return on equity of 73.04%.
The firm also recently announced a dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, April 12th will be issued a dividend of GBX 5.28 ($0.07) per share. This represents a yield of 3.4%. This is a positive change from ITV’s previous dividend of $2.52. The ex-dividend date of this dividend is Thursday, April 12th.
In other ITV news, insider Roger Faxon bought 1,950 shares of ITV stock in a transaction on Friday, December 29th. The shares were purchased at an average cost of GBX 164 ($2.27) per share, with a total value of £3,198 ($4,418.35). Also, insider Carolyn McCall bought 96,583 shares of ITV stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of GBX 154 ($2.13) per share, for a total transaction of £148,737.82 ($205,495.74). Insiders have acquired a total of 100,546 shares of company stock worth $15,529,753 over the last three months.
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.