ITV (LON:ITV) Given New GBX 82 Price Target at JPMorgan Chase & Co.

ITV (LON:ITV) had its price objective cut by research analysts at JPMorgan Chase & Co. from GBX 85 to GBX 82 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the broadcaster’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.49% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 85 price target on shares of ITV in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 83.50.

ITV Stock Down 0.9%

Shares of LON:ITV opened at GBX 71 on Friday. The business has a 50-day moving average price of GBX 76.94 and a 200 day moving average price of GBX 79.03. The company has a current ratio of 1.18, a quick ratio of 0.83 and a debt-to-equity ratio of 52.95. The company has a market capitalization of £2.66 billion, a price-to-earnings ratio of 11.64, a PEG ratio of -0.53 and a beta of 0.81. ITV has a 12-month low of GBX 65.70 and a 12-month high of GBX 87.35.

ITV (LON:ITV) last issued its quarterly earnings data on Friday, July 31st. The broadcaster reported GBX 2.20 earnings per share (EPS) for the quarter. ITV had a net margin of 6.57% and a return on equity of 13.15%. Sell-side analysts expect that ITV will post 1120 EPS for the current year.

ITV declared that its board has approved a stock repurchase program on Friday, July 31st that permits the company to buyback 0 shares. This buyback authorization permits the broadcaster to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

ITV Company Profile

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.