ITV (LON:ITV) had its target price cut by Credit Suisse Group from GBX 170 ($2.24) to GBX 110 ($1.45) in a report released on Tuesday morning, Stock Target Advisor reports. They currently have an outperform rating on the broadcaster’s stock.
A number of other analysts have also commented on ITV. Goldman Sachs Group decreased their price objective on ITV from GBX 147 ($1.93) to GBX 122 ($1.60) and set a neutral rating for the company in a report on Tuesday, March 17th. JPMorgan Chase & Co. reissued an overweight rating on shares of ITV in a report on Tuesday. BNP Paribas raised ITV to an outperform rating and boosted their price objective for the stock from GBX 120 ($1.58) to GBX 165 ($2.17) in a report on Thursday, December 5th. UBS Group reissued a neutral rating and set a GBX 130 ($1.71) price objective (down from GBX 140 ($1.84)) on shares of ITV in a report on Monday, March 2nd. Finally, Barclays decreased their price objective on ITV from GBX 120 ($1.58) to GBX 80 ($1.05) and set an equal weight rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 136.25 ($1.79).
Shares of ITV opened at GBX 68.37 ($0.90) on Tuesday. The company has a debt-to-equity ratio of 131.44, a quick ratio of 0.86 and a current ratio of 1.14. The stock has a 50 day moving average price of GBX 108.01 and a two-hundred day moving average price of GBX 130.24. The firm has a market capitalization of $2.75 billion and a P/E ratio of 5.79. ITV has a 52 week low of GBX 82.90 ($1.09) and a 52 week high of GBX 165.90 ($2.18).
The firm also recently announced a dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, April 9th will be paid a GBX 5.40 ($0.07) dividend. This represents a dividend yield of 4.64%. The ex-dividend date is Thursday, April 9th. This is an increase from ITV’s previous dividend of $2.60. ITV’s payout ratio is presently 0.68%.
In other news, insider Mary Harris acquired 2,222 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average price of GBX 151 ($1.99) per share, for a total transaction of £3,355.22 ($4,413.60).
ITV Company Profile
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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