Several other equities research analysts also recently issued reports on the company. Shore Capital reaffirmed a buy rating and issued a GBX 202 ($2.47) price target on shares of ITV plc in a research report on Thursday, February 23rd. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 240 ($2.94) price target on shares of ITV plc in a research report on Wednesday, March 1st. Societe Generale reaffirmed a sell rating and issued a GBX 155 ($1.90) price target on shares of ITV plc in a research report on Thursday, March 2nd. Barclays PLC reaffirmed an equal weight rating and issued a GBX 215 ($2.63) price target on shares of ITV plc in a research report on Thursday, March 2nd. Finally, Citigroup Inc reaffirmed a buy rating and issued a GBX 235 ($2.87) price target on shares of ITV plc in a research report on Monday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 231.91 ($2.84).
Shares of ITV plc (LON:ITV) opened at 207.50 on Monday. The firm’s 50-day moving average price is GBX 204.92 and its 200 day moving average price is GBX 191.35. ITV plc has a 52 week low of GBX 141.00 and a 52 week high of GBX 246.20. The firm’s market cap is GBX 8.32 billion.
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The company also recently announced a dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, April 27th will be paid a GBX 9.80 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 4.63%. This is a boost from ITV plc’s previous dividend of $2.40.
In other news, insider Peter Bazalgette bought 10,638 shares of the business’s stock in a transaction dated Friday, December 30th. The stock was bought at an average price of GBX 204 ($2.50) per share, for a total transaction of £21,701.52 ($26,542.95).
ITV plc Company Profile
ITV plc (ITV) is an integrated producer broadcaster. Its segments include Broadcast & Online and ITV Studios. Its Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting. In addition to linear broadcast, the Company delivers its content on multiple platforms, including the ITV Hub and pay platforms or through direct content deals.
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