ITV plc (ITV) Stock Rating Reaffirmed by Barclays PLC

ITV plc (LON:ITV)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a report issued on Wednesday. They currently have a GBX 200 ($2.63) price target on the broadcaster’s stock. Barclays PLC’s price target would suggest a potential upside of 33.33% from the company’s current price.

Other equities analysts have also issued reports about the stock. J P Morgan Chase & Co restated a “neutral” rating on shares of ITV plc in a report on Tuesday, July 18th. Shore Capital reiterated a “buy” rating on shares of ITV plc in a report on Tuesday. Liberum Capital reiterated a “buy” rating and issued a GBX 330 ($4.34) target price on shares of ITV plc in a report on Tuesday. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 180 ($2.37) target price on shares of ITV plc in a report on Wednesday. Finally, Kepler Capital Markets cut their target price on shares of ITV plc from GBX 200 ($2.63) to GBX 175 ($2.30) and set a “reduce” rating on the stock in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 211.68 ($2.78).

Shares of ITV plc (LON ITV) opened at GBX 150 ($1.97) on Wednesday. ITV plc has a 52 week low of GBX 152.40 ($2.00) and a 52 week high of GBX 221.76 ($2.92).

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In other news, insider Mary Harris acquired 1,945 shares of ITV plc stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of GBX 172 ($2.26) per share, with a total value of £3,345.40 ($4,400.11).

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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