Goldman Sachs Group Raises ITV (LON:ITV) Price Target to GBX 140

ITV (LON:ITV) had its price target boosted by Goldman Sachs Group from GBX 124 ($1.62) to GBX 140 ($1.83) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the broadcaster’s stock.

A number of other equities research analysts also recently weighed in on the stock. Barclays dropped their price target on shares of ITV from GBX 130 ($1.70) to GBX 125 ($1.63) and set an equal weight rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of ITV from GBX 200 ($2.61) to GBX 170 ($2.22) and set an overweight rating for the company in a research report on Thursday, July 25th. Shore Capital reiterated a hold rating on shares of ITV in a research report on Tuesday, November 12th. Bank of America restated an underperform rating on shares of ITV in a research report on Tuesday, September 3rd. Finally, Credit Suisse Group boosted their price objective on shares of ITV from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the company an outperform rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 147.15 ($1.92).

Shares of LON ITV traded up GBX 1.25 ($0.02) during midday trading on Wednesday, reaching GBX 134.10 ($1.75). The company’s stock had a trading volume of 9,309,341 shares, compared to its average volume of 19,490,000. The company has a debt-to-equity ratio of 181.11, a quick ratio of 0.72 and a current ratio of 0.97. ITV has a fifty-two week low of GBX 102.65 ($1.34) and a fifty-two week high of GBX 154.35 ($2.02). The business’s 50 day moving average price is GBX 131.10 and its two-hundred day moving average price is GBX 118.69. The company has a market cap of $5.41 billion and a P/E ratio of 12.08.

In related news, insider Mary Harris bought 2,672 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were purchased at an average price of GBX 126 ($1.65) per share, with a total value of £3,366.72 ($4,399.22). Also, insider Salman Amin bought 12,800 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of GBX 125 ($1.63) per share, for a total transaction of £16,000 ($20,906.83). Over the last 90 days, insiders have acquired 23,551 shares of company stock valued at $3,035,416.

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.

Featured Story: What is diluted earnings per share (Diluted EPS)?

Analyst Recommendations for ITV (LON:ITV)

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.