ITV (LON:ITV) Receives Overweight Rating from JPMorgan Chase & Co.

ITV (LON:ITV – Get Rating)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday, Marketbeat reports. They presently have a GBX 170 ($2.12) target price on the broadcaster’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 128.51% from the company’s current price.

Other research analysts also recently issued research reports about the company. Berenberg Bank downgraded ITV to a “sell” rating and lowered their target price for the company from GBX 128 ($1.60) to GBX 64 ($0.80) in a research note on Thursday, April 14th. BNP Paribas cut ITV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 22nd. Barclays lowered shares of ITV to an “equal weight” rating and cut their price objective for the company from GBX 160 ($2.00) to GBX 95 ($1.19) in a research report on Friday, March 4th. Morgan Stanley restated an “equal weight” rating on shares of ITV in a research note on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of ITV to a “hold” rating and reduced their price objective for the company from GBX 130 ($1.62) to GBX 100 ($1.25) in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 115.33 ($1.44).

ITV stock opened at GBX 74.40 ($0.93) on Tuesday. ITV has a 12 month low of GBX 69.28 ($0.87) and a 12 month high of GBX 134.15 ($1.68). The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 75.76. The stock has a market cap of £2.99 billion and a P/E ratio of 8.03. The company’s fifty day simple moving average is GBX 83.27 and its 200-day simple moving average is GBX 102.67.

In other ITV news, insider Peter Bazalgette purchased 110,059 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were bought at an average cost of GBX 90 ($1.12) per share, with a total value of £99,053.10 ($123,739.04). Also, insider Anna Manz purchased 12,226 shares of the business’s stock in a transaction dated Thursday, March 10th. The shares were acquired at an average price of GBX 81 ($1.01) per share, with a total value of £9,903.06 ($12,371.09). In the last three months, insiders have acquired 176,314 shares of company stock valued at $14,980,023.

ITV Company Profile (Get Rating)

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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