UBS Group Reaffirms Neutral Rating for ITV (ITV)

UBS Group reiterated their neutral rating on shares of ITV (LON:ITV) in a report issued on Thursday, reports. They currently have a GBX 160 ($2.09) price objective on the broadcaster’s stock, down from their previous price objective of GBX 165 ($2.16).

Several other research analysts also recently commented on ITV. Liberum Capital reissued a buy rating on shares of ITV in a research note on Wednesday, June 27th. Barclays lowered their target price on ITV from GBX 180 ($2.35) to GBX 175 ($2.29) and set an equal weight rating for the company in a research note on Friday, July 6th. Goldman Sachs Group downgraded ITV to a neutral rating and boosted their target price for the stock from GBX 189 ($2.47) to GBX 194 ($2.53) in a research note on Thursday, July 12th. Citigroup reissued a buy rating on shares of ITV in a research note on Tuesday, July 17th. Finally, Deutsche Bank reissued a hold rating on shares of ITV in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 190.14 ($2.48).

ITV stock traded down GBX 0.85 ($0.01) during midday trading on Thursday, reaching GBX 153.40 ($2.00). The company had a trading volume of 10,604,801 shares, compared to its average volume of 19,490,000. ITV has a 1-year low of GBX 142.80 ($1.87) and a 1-year high of GBX 221.76 ($2.90).

ITV (LON:ITV) last posted its quarterly earnings results on Wednesday, July 25th. The broadcaster reported GBX 7.10 ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 6.80 ($0.09) by GBX 0.30 ($0.00). ITV had a return on equity of 73.04% and a net margin of 12.37%.

The firm also recently announced a dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, October 25th will be paid a dividend of GBX 2.60 ($0.03) per share. This represents a yield of 1.5%. The ex-dividend date is Thursday, October 25th.

In other ITV news, insider Mary Harris bought 2,727 shares of the stock in a transaction on Friday, September 28th. The stock was purchased at an average price of GBX 157 ($2.05) per share, with a total value of £4,281.39 ($5,594.39).

About ITV

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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Analyst Recommendations for ITV (LON:ITV)

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