The ITV plc’s (ITV) ” Buy” Rating Reaffirmed at Citigroup Inc

The ITV plc’s (ITV) ” Buy” Rating Reaffirmed at Citigroup Inc

ITV plc (LON:ITV)‘s stock had its ” buy” rating restated by analysts at Citigroup Inc in a research report issued to clients and investors on Monday. They presently have a GBX 240 ($2.99) price target on the broadcaster’s stock. Citigroup Inc’s target price would indicate a potential upside of 18.17% from the stock’s current price.

A number of other research analysts also recently issued reports on ITV. Liberum Capital reiterated a “buy” rating and issued a GBX 340 ($4.24) price target on shares of ITV plc in a research note on Monday. Jefferies Group LLC lifted their price target on shares of ITV plc from GBX 195 ($2.43) to GBX 230 ($2.87) and gave the stock a “buy” rating in a research note on Monday, January 30th. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.49) price target on shares of ITV plc in a research note on Thursday, February 23rd. Shore Capital reiterated a “buy” rating on shares of ITV plc in a research note on Thursday, January 5th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 215 ($2.68) price target on shares of ITV plc in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 231.91 ($2.89).

ITV plc (LON:ITV) traded up 1.92% on Monday, hitting GBX 207.00. 18,638,271 shares of the company traded hands. The firm’s market capitalization is GBX 8.30 billion. ITV plc has a 12 month low of GBX 141.00 and a 12 month high of GBX 246.20. The stock’s 50-day moving average is GBX 205.06 and its 200 day moving average is GBX 191.04.

The company also recently announced a dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, April 27th will be paid a GBX 9.80 ($0.12) dividend. This is an increase from ITV plc’s previous dividend of $2.40. The ex-dividend date is Thursday, April 27th. This represents a yield of 4.63%.

In other news, insider Peter Bazalgette bought 10,638 shares of the business’s stock in a transaction that occurred on Friday, December 30th. The stock was purchased at an average price of GBX 204 ($2.54) per share, with a total value of £21,701.52 ($27,035.65).

About ITV plc

ITV plc (ITV) is an integrated producer broadcaster. Its segments include Broadcast & Online and ITV Studios. Its Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting. In addition to linear broadcast, the Company delivers its content on multiple platforms, including the ITV Hub and pay platforms or through direct content deals.

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