ITV (LON:ITV) Receives Buy Rating from Citigroup

ITV (LON:ITVGet Free Report)‘s stock had its “buy” rating reiterated by Citigroup in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 110 ($1.41) price target on the broadcaster’s stock. Citigroup’s target price indicates a potential upside of 39.99% from the company’s previous close.

Separately, Numis Securities restated a “buy” rating on shares of ITV in a research report on Thursday, March 7th.

Check Out Our Latest Analysis on ITV

ITV Trading Down 0.0 %

ITV opened at GBX 78.58 ($1.01) on Thursday. ITV has a 12 month low of GBX 55.49 ($0.71) and a 12 month high of GBX 82.55 ($1.06). The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 48.85. The stock has a 50-day moving average of GBX 74.30 and a 200 day moving average of GBX 66.52. The firm has a market cap of £3.12 billion, a P/E ratio of 1,572.02, a P/E/G ratio of -0.53 and a beta of 1.45.

Insider Transactions at ITV

In related news, insider Graham Cooke acquired 16,996 shares of the stock in a transaction on Wednesday, May 1st. The stock was bought at an average cost of GBX 70 ($0.90) per share, with a total value of £11,897.20 ($15,243.05). In other news, insider Sharmila Nebhrajani purchased 11,238 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of GBX 71 ($0.91) per share, for a total transaction of £7,978.98 ($10,222.91). Also, insider Graham Cooke acquired 16,996 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of GBX 70 ($0.90) per share, with a total value of £11,897.20 ($15,243.05). Corporate insiders own 10.39% of the company’s stock.

ITV Company Profile

(Get Free Report)

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.

See Also

Receive News & Ratings for ITV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV and related companies with MarketBeat.com's FREE daily email newsletter.