ITV plc (LON:ITV) Price Target Cut to GBX 228

ITV plc (LON:ITV) had its price target lowered by equities research analysts at Goldman Sachs Group, Inc. (The) from GBX 237 ($3.09) to GBX 228 ($2.98) in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the broadcaster’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 28.60% from the stock’s current price.

A number of other research analysts also recently commented on ITV. Barclays PLC reissued an “equal weight” rating and set a GBX 200 ($2.61) target price on shares of ITV plc in a research report on Friday, July 7th. Liberum Capital reissued a “buy” rating and set a GBX 340 ($4.44) target price on shares of ITV plc in a research report on Monday, April 3rd. J P Morgan Chase & Co cut their target price on shares of ITV plc from GBX 218 ($2.85) to GBX 204 ($2.66) and set a “neutral” rating on the stock in a research report on Tuesday, July 4th. Berenberg Bank reissued a “hold” rating and set a GBX 200 ($2.61) target price on shares of ITV plc in a research report on Thursday, March 30th. Finally, Citigroup Inc. reissued a “buy” rating and set a GBX 225 ($2.94) target price on shares of ITV plc in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. ITV plc presently has an average rating of “Hold” and a consensus price target of GBX 218.45 ($2.85).

Shares of ITV plc (LON ITV) opened at 177.30 on Friday. The company’s market cap is GBX 7.11 billion. The company’s 50-day moving average is GBX 188.10 and its 200 day moving average is GBX 202.00. ITV plc has a 1-year low of GBX 156.24 and a 1-year high of GBX 221.76.

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In other ITV plc news, insider Ian Griffiths sold 269,755 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.60), for a total transaction of £536,812.45 ($700,982.57). Also, insider Peter Bazalgette purchased 11,968 shares of ITV plc stock in a transaction on Friday, June 30th. The shares were acquired at an average cost of GBX 182 ($2.38) per share, with a total value of £21,781.76 ($28,443.14).

ITV plc 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.

Analyst Recommendations for ITV plc (LON:ITV)

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