Barclays Trims ITV (OTCMKTS:ITVPY) Target Price to GBX 75

ITV (OTCMKTS:ITVPY – Get Rating) had its price objective cut by Barclays from GBX 85 ($1.02) to GBX 75 ($0.90) in a report issued on Friday, The Fly reports.

Several other analysts have also recently weighed in on ITVPY. UBS Group reduced their price target on ITV from GBX 155 ($1.87) to GBX 135 ($1.63) in a report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft reduced their price target on ITV from GBX 100 ($1.20) to GBX 90 ($1.08) in a report on Thursday. Berenberg Bank cut ITV from a hold rating to a sell rating in a report on Tuesday, April 19th. Finally, Morgan Stanley reduced their target price on ITV from GBX 110 ($1.33) to GBX 65 ($0.78) in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $91.25.

ITV Trading Up 1.0 %

ITV stock opened at $9.06 on Friday. ITV has a 12-month low of $7.34 and a 12-month high of $17.53. The business’s 50-day moving average price is $8.40 and its two-hundred day moving average price is $10.80.

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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