Shore Capital Reaffirms Buy Rating for ITV (LON:ITV)

Shore Capital reissued their buy rating on shares of ITV (LON:ITV – Get Rating) in a research report sent to investors on Monday morning, LSE.Co.UK reports.

A number of other equities analysts have also recently issued reports on ITV. Deutsche Bank Aktiengesellschaft upgraded ITV to a buy rating in a report on Thursday, March 9th. Barclays increased their price target on ITV from GBX 70 ($0.85) to GBX 80 ($0.98) and gave the stock an equal weight rating in a report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of GBX 97.25 ($1.19).

ITV Stock Performance

LON:ITV opened at GBX 81.68 ($1.00) on Monday. The company has a market capitalization of £3.29 billion, a PE ratio of 816.80, a P/E/G ratio of -0.53 and a beta of 1.48. ITV has a fifty-two week low of GBX 53.97 ($0.66) and a fifty-two week high of GBX 96.62 ($1.18). The company has a 50 day simple moving average of GBX 83.94 and a two-hundred day simple moving average of GBX 73.92. The company has a debt-to-equity ratio of 51.71, a quick ratio of 0.83 and a current ratio of 1.25.

ITV Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, April 13th will be issued a GBX 3.30 ($0.04) dividend. This is a boost from ITV’s previous dividend of $1.70. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, April 13th. ITV’s dividend payout ratio (DPR) is currently 5,000.00%.

Insider Buying and Selling

In other news, insider Mary Harris bought 3,467 shares of the business’s stock in a transaction that occurred on Friday, December 30th. The shares were bought at an average cost of GBX 75 ($0.91) per share, for a total transaction of £2,600.25 ($3,169.10). In related news, insider Sharmila Nebhrajani purchased 5,620 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was acquired at an average cost of GBX 88 ($1.07) per share, with a total value of £4,945.60 ($6,027.54). Also, insider Mary Harris purchased 3,467 shares of the stock in a transaction that occurred on Friday, December 30th. The stock was bought at an average cost of GBX 75 ($0.91) per share, with a total value of £2,600.25 ($3,169.10). 10.23% of the stock is owned by company insiders.

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.