Liberum Capital Reaffirms “Buy” Rating for ITV (ITV)

ITV (LON:ITV)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a report released on Monday. They currently have a GBX 330 ($4.48) price objective on the broadcaster’s stock. Liberum Capital’s price target points to a potential upside of 97.12% from the company’s current price.

Several other research firms have also recently commented on ITV. Shore Capital restated a “buy” rating on shares of ITV in a research note on Monday, October 2nd. Deutsche Bank reaffirmed a “hold” rating and set a GBX 180 ($2.44) price objective on shares of ITV in a report on Wednesday, October 18th. raised ITV to a “buy” rating and upped their price objective for the stock from GBX 200 ($2.71) to GBX 210 ($2.85) in a report on Monday, October 16th. Goldman Sachs Group reaffirmed a “buy” rating and set a GBX 224 ($3.04) price objective on shares of ITV in a report on Friday, September 22nd. Finally, Macquarie lowered ITV to an “underperform” rating and dropped their price objective for the stock from GBX 200 ($2.71) to GBX 110 ($1.49) in a report on Wednesday, September 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 208.28 ($2.82).

Shares of ITV (LON:ITV) opened at GBX 167.41 ($2.27) on Monday. ITV has a 52 week low of GBX 142.80 ($1.94) and a 52 week high of GBX 221.76 ($3.01). The company has a market capitalization of $6,740.00 and a P/E ratio of 1,674.10.

In related news, insider Mary Harris bought 2,013 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average price of GBX 167 ($2.26) per share, for a total transaction of £3,361.71 ($4,558.87). Also, insider Roger Faxon bought 1,950 shares of the stock in a transaction dated Friday, December 29th. The stock was bought at an average price of GBX 164 ($2.22) per share, with a total value of £3,198 ($4,336.86).

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ITV Company Profile

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.

Analyst Recommendations for ITV (LON:ITV)

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