ITV plc (LON:ITV) Given Consensus Recommendation of “Hold” by Analysts

ITV plc (LON:ITVGet Rating) has received an average rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 115.33 ($1.44).

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 170 ($2.12) price objective on shares of ITV in a research report on Tuesday, May 3rd. Barclays downgraded 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. Exane BNP Paribas downgraded shares of ITV from an “outperform” rating to a “neutral” rating and set a GBX 93 ($1.16) price objective for the company. in a research report on Tuesday, March 22nd. Berenberg Bank downgraded shares of ITV to a “sell” rating and cut their price objective for the company from GBX 128 ($1.60) to GBX 64 ($0.80) in a research report on Thursday, April 14th. Finally, BNP Paribas cut shares of ITV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 22nd.

LON:ITV opened at GBX 68.98 ($0.86) on Monday. ITV has a 12 month low of GBX 67.36 ($0.84) and a 12 month high of GBX 134.15 ($1.68). The company has a 50 day simple moving average of GBX 80.13 and a two-hundred day simple moving average of GBX 101.77. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 75.76. The company has a market cap of £2.78 billion and a PE ratio of 7.40.

The company also recently announced a dividend, which will be paid on Thursday, May 26th. Stockholders of record on Thursday, April 14th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, April 14th. This represents a dividend yield of 2.98%.

In other news, insider Peter Bazalgette purchased 110,059 shares of the business’s stock in a transaction on Thursday, March 3rd. The stock was acquired at an average price of GBX 90 ($1.12) per share, for a total transaction of £99,053.10 ($123,739.04). Also, insider Mary Harris purchased 4,029 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were purchased at an average price of GBX 83 ($1.04) per share, with a total value of £3,344.07 ($4,177.48). Over the last three months, insiders have purchased 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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Analyst Recommendations for ITV (LON:ITV)

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