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.
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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