ITV (LON:ITV)‘s stock had its “underperform” rating restated by stock analysts at Macquarie in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other analysts have also recently issued reports about the stock. Numis Securities lowered their target price on shares of ITV from GBX 160 ($2.09) to GBX 150 ($1.96) and set an “add” rating for the company in a research note on Thursday, February 28th. Liberum Capital restated a “buy” rating and set a GBX 190 ($2.48) price objective on shares of ITV in a research note on Thursday, April 4th. Shore Capital restated a “buy” rating on shares of ITV in a research note on Wednesday, February 27th. Citigroup restated a “buy” rating and set a GBX 170 ($2.22) price objective on shares of ITV in a research note on Tuesday, May 7th. Finally, Barclays restated an “equal weight” rating and set a GBX 135 ($1.76) price objective on shares of ITV in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 147 ($1.92).
ITV stock opened at GBX 106.15 ($1.39) on Tuesday. The stock has a 50 day moving average of GBX 109.92. The firm has a market cap of $4.19 billion and a PE ratio of 9.15. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 123.32. ITV has a 52 week low of GBX 103.10 ($1.35) and a 52 week high of GBX 183.05 ($2.39).
In other news, insider Mary Harris bought 2,649 shares of the business’s stock in a transaction dated Friday, March 29th. The stock was purchased at an average cost of GBX 127 ($1.66) per share, with a total value of £3,364.23 ($4,395.96). Also, insider Carolyn McCall bought 44,589 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average cost of GBX 111 ($1.45) per share, with a total value of £49,493.79 ($64,672.40).
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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