ITV (LON:ITV) had its price target lowered by stock analysts at Deutsche Bank from GBX 140 ($1.83) to GBX 130 ($1.70) in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “hold” rating on the broadcaster’s stock. Deutsche Bank’s price target suggests a potential upside of 5.28% from the company’s current price.
ITV has been the topic of several other reports. JPMorgan Chase & Co. cut their price objective on shares of ITV from GBX 175 ($2.29) to GBX 170 ($2.22) and set an “overweight” rating on the stock in a research report on Thursday, February 28th. Citigroup reaffirmed a “buy” rating and issued a GBX 170 ($2.22) price objective on shares of ITV in a research report on Tuesday. Liberum Capital reaffirmed a “buy” rating and issued a GBX 190 ($2.48) price objective (down from GBX 240 ($3.14)) on shares of ITV in a research report on Wednesday, March 27th. UBS Group reaffirmed a “neutral” rating and issued a GBX 130 ($1.70) price objective (down from GBX 140 ($1.83)) on shares of ITV in a research report on Thursday, April 25th. Finally, Berenberg Bank cut their price target on shares of ITV from GBX 155 ($2.03) to GBX 150 ($1.96) and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ITV presently has an average rating of “Hold” and an average price target of GBX 153.75 ($2.01).
ITV opened at GBX 123.48 ($1.61) on Thursday. The firm has a market capitalization of $4.94 billion and a P/E ratio of 10.64. ITV has a 12 month low of GBX 121.50 ($1.59) and a 12 month high of GBX 183.05 ($2.39). The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 123.32.
ITV (LON:ITV) last posted its quarterly earnings data on Wednesday, February 27th. The broadcaster reported GBX 15.40 ($0.20) EPS for the quarter, beating the consensus estimate of GBX 15 ($0.20) by GBX 0.40 ($0.01). As a group, equities analysts forecast that ITV will post 1418.99981606915 EPS for the current year.
In other ITV news, insider Mary Harris purchased 2,649 shares of the business’s stock in a transaction on Friday, March 29th. The shares were purchased at an average cost of GBX 127 ($1.66) per share, with a total value of £3,364.23 ($4,395.96).
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.
Further Reading: How to interpret Moving Average Convergence Divergence (MACD)
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.