ITV (ITV) Earns Neutral Rating from UBS Group

UBS Group restated their neutral rating on shares of ITV (LON:ITV) in a report released on Wednesday morning, investing.thisismoney.co.uk reports. They currently have a GBX 140 ($1.83) price objective on the broadcaster’s stock, down from their prior price objective of GBX 150 ($1.96).

Other equities research analysts also recently issued reports about the company. Liberum Capital restated a buy rating on shares of ITV in a research report on Monday, December 17th. Morgan Stanley cut their target price on ITV from GBX 210 ($2.74) to GBX 190 ($2.48) and set an equal weight rating for the company in a research report on Tuesday, October 23rd. Societe Generale restated a hold rating and issued a GBX 138 ($1.80) target price on shares of ITV in a research report on Friday, January 25th. Shore Capital restated a buy rating on shares of ITV in a research report on Wednesday, November 7th. Finally, Barclays restated an equal weight rating and issued a GBX 170 ($2.22) target price (down from GBX 180 ($2.35)) on shares of ITV in a research report on Thursday, November 8th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 182.86 ($2.39).

Shares of LON ITV opened at GBX 130.65 ($1.71) on Wednesday. ITV has a 12-month low of GBX 142.80 ($1.87) and a 12-month high of GBX 221.76 ($2.90).

In other ITV news, insider Carolyn McCall sold 75,391 shares of the company’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of GBX 130 ($1.70), for a total value of £98,008.30 ($128,065.20).

About ITV

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online 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.

Further Reading: How to interpret the current ratio

Analyst Recommendations for ITV (LON:ITV)

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