ITV’s (ITV) “Buy” Rating Reaffirmed at Shore Capital

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Shore Capital reissued their buy rating on shares of ITV (LON:ITV) in a research note published on Wednesday.

Several other equities analysts have also recently weighed in on the company. Morgan Stanley cut ITV to an equal weight rating and decreased their price objective for the company from GBX 230 ($3.01) to GBX 210 ($2.74) in a report on Friday, August 31st. Liberum Capital restated a buy rating on shares of ITV in a report on Monday, August 13th. Citigroup restated a buy rating and issued a GBX 215 ($2.81) price objective on shares of ITV in a report on Tuesday, September 18th. Barclays raised their price objective on ITV from GBX 175 ($2.29) to GBX 185 ($2.42) and gave the company an equal weight rating in a report on Thursday, July 26th. Finally, Kepler Capital Markets restated a hold rating on shares of ITV in a report on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 187.29 ($2.45).

Shares of LON ITV traded up GBX 1.40 ($0.02) during mid-day trading on Wednesday, hitting GBX 151.40 ($1.98). The company had a trading volume of 17,398,965 shares, compared to its average volume of 19,490,000. ITV has a one year low of GBX 142.80 ($1.87) and a one year high of GBX 221.76 ($2.90).

In other ITV news, insider Mary Harris purchased 2,727 shares of ITV stock in a transaction that occurred on Friday, September 28th. The stock was acquired at an average price of GBX 157 ($2.05) per share, for a total transaction of £4,281.39 ($5,594.39).

About ITV

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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Analyst Recommendations for ITV (LON:ITV)

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