Liberum Capital reaffirmed their buy rating on shares of ITV (LON:ITV) in a report issued on Wednesday, October 3rd. Liberum Capital currently has a GBX 260 ($3.40) price objective on the broadcaster’s stock.
ITV has been the topic of a number of other research reports. Goldman Sachs Group cut ITV to a neutral rating and lifted their price target for the company from GBX 189 ($2.47) to GBX 194 ($2.53) in a report on Thursday, July 12th. Barclays cut their price target on ITV from GBX 185 ($2.42) to GBX 180 ($2.35) and set an equal weight rating on the stock in a report on Thursday, September 20th. Kepler Capital Markets reaffirmed a hold rating on shares of ITV in a report on Thursday, September 20th. Citigroup reaffirmed a buy rating on shares of ITV in a report on Thursday, July 26th. Finally, Deutsche Bank dropped their target price on ITV from GBX 180 ($2.35) to GBX 170 ($2.22) and set a hold rating on the stock in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 193.71 ($2.53).
LON:ITV opened at GBX 159.85 ($2.09) on Wednesday. ITV has a one year low of GBX 142.80 ($1.87) and a one year high of GBX 221.76 ($2.90).
ITV (LON:ITV) last issued its earnings results on Wednesday, July 25th. The broadcaster reported GBX 7.10 ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 6.80 ($0.09) by GBX 0.30 ($0.00). ITV had a net margin of 12.37% and a return on equity of 73.04%.
The firm also recently declared a dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, October 25th will be given a GBX 2.60 ($0.03) dividend. The ex-dividend date is Thursday, October 25th. This represents a yield of 1.5%.
In other ITV news, insider Mary Harris purchased 2,727 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were purchased at an average price of GBX 157 ($2.05) per share, for a total transaction of £4,281.39 ($5,594.39).
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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