Trade Report: Today, Peel Hunt Reaffirmed “Buy” Rating for ITV plc (ITV)

Today, Peel Hunt Reaffirmed “Buy” Rating for ITV plc (ITV)

ITV plc (LON:ITV)‘s stock had its “buy” rating restated by Peel Hunt in a note issued to investors on Friday, StockTargetPrices.com reports. They presently have a GBX 330 ($4.12) target price on the broadcaster’s stock. Peel Hunt’s price target suggests a potential upside of 97.84% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 230 ($2.87) price objective on shares of ITV plc in a report on Thursday, July 28th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 218 ($2.72) price objective on shares of ITV plc in a report on Thursday, July 28th. Liberum Capital reissued a “buy” rating and issued a GBX 360 ($4.50) price target on shares of ITV plc in a report on Tuesday, September 6th. Finally, Jefferies Group lowered their price target on shares of 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 240.30 ($3.00).

ITV plc (LON:ITV) traded up 0.66% during midday trading on Friday, reaching GBX 167.90. 7,081,195 shares of the company traded hands. The stock’s 50 day moving average is GBX 171.20 and its 200 day moving average is GBX 190.90. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 279.10. The company’s market capitalization is GBX 6.73 billion.

In other ITV plc news, insider Anna Manz acquired 27,282 shares of ITV plc stock in a transaction that occurred on Friday, October 7th. The stock was bought at an average cost of GBX 182 ($2.27) per share, for a total transaction of £49,653.24 ($62,035.53). Also, insider Crozier,Adam sold 500,000 shares of ITV plc stock in a transaction dated 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).

ITV plc Company Profile

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