ITV (LON:ITV)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, February 21st. They presently have a GBX 230 ($3.18) price target on the broadcaster’s stock. Morgan Stanley’s price objective points to a potential upside of 50.13% from the stock’s previous close.
ITV has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating on shares of ITV in a report on Monday, November 13th. Liberum Capital reissued a “buy” rating and issued a GBX 330 ($4.56) price target on shares of ITV in a report on Monday, January 8th. Shore Capital reissued a “buy” rating on shares of ITV in a report on Tuesday, November 7th. Kepler Capital Markets reissued a “hold” rating and issued a GBX 175 ($2.42) price target on shares of ITV in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. raised shares of ITV to an “overweight” rating and decreased their price target for the stock from GBX 204 ($2.82) to GBX 185 ($2.56) in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 192.93 ($2.67).
ITV (LON ITV) traded down GBX 0.65 ($0.01) during trading hours on Wednesday, hitting GBX 153.20 ($2.12). 19,069,511 shares of the stock traded hands, compared to its average volume of 19,430,000. ITV has a one year low of GBX 142.80 ($1.97) and a one year high of GBX 221.76 ($3.06). The company has a market capitalization of $6,170.00 and a P/E ratio of 1,532.00.
ITV (LON:ITV) last released its earnings results on Wednesday, February 28th. The broadcaster reported GBX 16 ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 15.70 ($0.22) by GBX 0.30 ($0.00). ITV had a net margin of 12.37% and a return on equity of 73.04%. The firm had revenue of GBX 313.20 billion for the quarter.
In other news, insider Mary Harris acquired 2,013 shares of ITV stock in a transaction on Tuesday, January 2nd. The stock was acquired at an average cost of GBX 167 ($2.31) per share, for a total transaction of £3,361.71 ($4,644.53). Also, insider Carolyn McCall acquired 96,583 shares of ITV stock in a transaction on Friday, March 2nd. The shares were purchased at an average price of GBX 154 ($2.13) per share, with a total value of £148,737.82 ($205,495.74). Over the last ninety days, insiders bought 100,546 shares of company stock valued at $15,529,753.
TRADEMARK VIOLATION WARNING: “Morgan Stanley Reiterates Overweight Rating for ITV (LON:ITV)” was originally published by Equities Focus and is the property of of Equities Focus. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.equitiesfocus.com/2018/03/19/morgan-stanley-reiterates-overweight-rating-for-itv-itv.html.
ITV Company Profile
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
Receive News & Ratings for ITV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITV and related companies with MarketBeat.com's FREE daily email newsletter.