ITV plc (ITV) Given Buy Rating at Liberum Capital

Liberum Capital restated their buy rating on shares of ITV plc (LON:ITV) in a report published on Wednesday. The firm currently has a GBX 320 ($4.08) price objective on the broadcaster’s stock.

A number of other brokerages also recently weighed in on ITV. Deutsche Bank AG reiterated a hold rating and issued a GBX 180 ($2.29) price objective on shares of ITV plc in a research report on Thursday, May 4th. Barclays PLC reiterated an equal weight rating and issued a GBX 200 ($2.55) price objective on shares of ITV plc in a research report on Thursday, May 11th. Citigroup Inc. reiterated a buy rating on shares of ITV plc in a research report on Tuesday, May 9th. Shore Capital reiterated a buy rating and issued a GBX 202 ($2.57) price objective on shares of ITV plc in a research report on Thursday, February 23rd. Finally, Societe Generale reiterated a sell rating and issued a GBX 155 ($1.97) price objective on shares of ITV plc in a research report on Thursday, March 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 223.76 ($2.85).

Shares of ITV plc (LON:ITV) traded down 0.78% during midday trading on Wednesday, reaching GBX 177.10. The company’s stock had a trading volume of 5,797,493 shares. The stock has a 50-day moving average of GBX 192.24 and a 200 day moving average of GBX 202.18. ITV plc has a 12-month low of GBX 141.00 and a 12-month high of GBX 221.76. The firm’s market capitalization is GBX 7.10 billion.

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In other news, insider Ian Griffiths sold 269,755 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.54), for a total value of £536,812.45 ($683,924.64). Also, insider Anna Manz purchased 1,054 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was purchased at an average cost of GBX 212 ($2.70) per share, with a total value of £2,234.48 ($2,846.83).

About ITV plc

ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.

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