ITV (LON:ITV – Get Rating) had its price objective lowered by equities researchers at Berenberg Bank from GBX 66 ($0.81) to GBX 56 ($0.69) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has a “sell” rating on the broadcaster’s stock. Berenberg Bank’s price target suggests a potential downside of 23.03% from the company’s previous close.
Several other research analysts also recently commented on the stock. Barclays dropped their price objective on shares of ITV from GBX 95 ($1.16) to GBX 85 ($1.04) and set an “equal weight” rating for the company in a report on Thursday, May 12th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 170 ($2.08) price objective on shares of ITV in a report on Monday, June 20th. Morgan Stanley reissued an “equal weight” rating on shares of ITV in a report on Tuesday, April 26th. Finally, Shore Capital reissued a “buy” rating on shares of ITV in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 112.33 ($1.38).
ITV Trading Up 2.8 %
Shares of ITV stock opened at GBX 72.76 ($0.89) on Wednesday. ITV has a 52-week low of GBX 62.04 ($0.76) and a 52-week high of GBX 127.19 ($1.56). The company has a debt-to-equity ratio of 66.07, a quick ratio of 0.83 and a current ratio of 1.34. The firm has a market capitalization of £2.93 billion and a PE ratio of 606.33. The stock has a fifty day simple moving average of GBX 68.69 and a two-hundred day simple moving average of GBX 82.50.
Insider Activity at ITV
ITV Company Profile
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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