Today, ITV plc (ITV) Receives Consensus Recommendation of “Buy” from Analysts

Today, ITV plc (ITV) Receives Consensus Recommendation of “Buy” from Analysts
Shares of ITV plc (LON:ITV) have been given a consensus recommendation of “Buy” by the twenty-four ratings firms that are covering the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 238.67 ($2.98).

Several research analysts recently issued reports on ITV shares. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 230 ($2.87) target price on shares of ITV plc in a research report on Thursday, July 28th. Peel Hunt reaffirmed a “buy” rating and set a GBX 330 ($4.12) target price on shares of ITV plc in a research report on Friday, August 26th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 218 ($2.72) target price on shares of ITV plc in a research report on Thursday, July 28th. Liberum Capital reissued a “buy” rating and issued a GBX 375 ($4.69) price objective on shares of ITV plc in a report on Thursday, August 4th. Finally, Jefferies Group cut their price objective on ITV plc from GBX 310 ($3.87) to GBX 195 ($2.44) and set a “buy” rating on the stock in a report on Thursday, October 20th.

Shares of ITV plc (LON:ITV) traded up 0.72% during mid-day trading on Friday, reaching GBX 168.00. The company had a trading volume of 12,237,273 shares. The company’s market capitalization is GBX 6.74 billion. ITV plc has a 52 week low of GBX 141.00 and a 52 week high of GBX 279.10. The stock has a 50 day moving average of GBX 170.78 and a 200-day moving average of GBX 190.74.

In related news, insider Crozier,Adam sold 500,000 shares of ITV plc stock in a transaction on Monday, September 12th. The stock was sold at an average price of GBX 200 ($2.50), for a total value of £1,000,000 ($1,249,375.31). Also, insider Anna Manz bought 27,282 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was bought at an average price of GBX 182 ($2.27) per share, with a total value of £49,653.24 ($62,035.53).

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