ITV (LON:ITV) Given “Buy” Rating at Citigroup

Citigroup restated their buy rating on shares of ITV (LON:ITVFree Report) in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 110 ($1.41) price objective on the broadcaster’s stock.

Separately, Numis Securities reiterated a buy rating on shares of ITV in a research report on Thursday, March 7th.

Read Our Latest Stock Analysis on ITV

ITV Stock Down 0.6 %

Shares of LON:ITV opened at GBX 78.50 ($1.01) on Thursday. The firm has a fifty day moving average of GBX 74.41 and a 200 day moving average of GBX 66.60. ITV has a 52-week low of GBX 55.49 ($0.71) and a 52-week high of GBX 82.55 ($1.06). The company has a debt-to-equity ratio of 48.85, a quick ratio of 0.83 and a current ratio of 1.55. The firm has a market capitalization of £3.12 billion, a PE ratio of 1,579.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45.

Insider Buying and Selling at ITV

In related news, insider Sharmila Nebhrajani bought 11,238 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of GBX 71 ($0.91) per share, for a total transaction of £7,978.98 ($10,222.91). In other ITV news, insider Graham Cooke bought 16,996 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of GBX 70 ($0.90) per share, for a total transaction of £11,897.20 ($15,243.05). Also, insider Sharmila Nebhrajani purchased 11,238 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of GBX 71 ($0.91) per share, for a total transaction of £7,978.98 ($10,222.91). Company insiders own 10.39% of the company’s stock.

ITV Company Profile

(Get Free Report)

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.

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