ITV (LON:ITV) had its price target lifted by Goldman Sachs Group from GBX 140 ($1.84) to GBX 171 ($2.25) in a research report released on Monday, Stock Target Advisor reports. The firm currently has a neutral rating on the broadcaster’s stock.
A number of other brokerages also recently weighed in on ITV. Barclays restated an equal weight rating and set a GBX 130 ($1.71) price objective (up previously from GBX 120 ($1.58)) on shares of ITV in a research report on Wednesday, November 13th. BNP Paribas upgraded shares of ITV to an outperform rating and increased their price target for the stock from GBX 120 ($1.58) to GBX 165 ($2.17) in a research report on Thursday, December 5th. UBS Group reiterated a neutral rating and issued a GBX 130 ($1.71) price target (up from GBX 125 ($1.64)) on shares of ITV in a research report on Friday, November 8th. Berenberg Bank reiterated a hold rating and issued a GBX 125 ($1.64) price target on shares of ITV in a research report on Tuesday, November 12th. Finally, Kepler Capital Markets downgraded shares of ITV to a hold rating and increased their price target for the stock from GBX 125 ($1.64) to GBX 150 ($1.97) in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 150.64 ($1.98).
Shares of ITV stock opened at GBX 144.25 ($1.90) on Monday. The company has a market cap of $5.82 billion and a price-to-earnings ratio of 13.00. The company’s 50 day moving average is GBX 148.33 and its 200 day moving average is GBX 128.98. ITV has a twelve month low of GBX 102.65 ($1.35) and a twelve month high of GBX 165.90 ($2.18). The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 181.11.
In other ITV news, insider Mary Harris purchased 2,222 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were acquired at an average cost of GBX 151 ($1.99) per share, for a total transaction of £3,355.22 ($4,413.60).
ITV Company Profile
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.
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