Liberum Capital Reaffirms Buy Rating for ITV plc (ITV)

ITV plc (LON:ITV)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 340 ($4.25) target price on the broadcaster’s stock. Liberum Capital’s price target indicates a potential upside of 62.37% from the company’s current price.

ITV has been the topic of a number of other reports. J P Morgan Chase & Co reduced their price objective on shares of ITV plc from GBX 233 ($2.91) to GBX 225 ($2.81) and set an “overweight” rating on the stock in a research note on Friday, November 18th. Peel Hunt reissued a “buy” rating and set a GBX 330 ($4.12) target price on shares of ITV plc in a report on Friday, November 25th. Jefferies Group LLC reissued a “buy” rating and set a GBX 195 ($2.44) target price on shares of ITV plc in a report on Wednesday, October 26th. Shore Capital reissued a “buy” rating on shares of ITV plc in a report on Monday, December 12th. Finally, Goldman Sachs Group, Inc. (The) raised shares of ITV plc to a “conviction-buy” rating and increased their target price for the stock from GBX 201 ($2.51) to GBX 263 ($3.29) in a report on Friday, January 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 234.09 ($2.93).

Analyst Recommendations for ITV plc (LON:ITV)

Shares of ITV plc (LON:ITV) opened at 209.40 on Wednesday. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 256.80. The stock has a 50 day moving average of GBX 204.75 and a 200 day moving average of GBX 190.26. The stock’s market cap is GBX 8.40 billion.

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In related news, insider Peter Bazalgette acquired 10,638 shares of the stock in a transaction dated Friday, December 30th. The shares were acquired at an average price of GBX 204 ($2.55) per share, for a total transaction of £21,701.52 ($27,120.12).

About ITV plc

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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