ITV plc (LON:ITV)’s share price fell 0% during mid-day trading on Tuesday . The company traded as low as GBX 162.10 ($2.18) and last traded at GBX 164.40 ($2.21). 16,813,047 shares changed hands during trading, a decline of 24% from the average session volume of 22,010,000 shares. The stock had previously closed at GBX 164.40 ($2.21).
A number of brokerages have issued reports on ITV. Citigroup reiterated a “buy” rating on shares of ITV in a research report on Monday, November 13th. Shore Capital reiterated a “buy” rating on shares of ITV in a research report on Tuesday, November 7th. Liberum Capital reiterated a “buy” rating and set a GBX 330 ($4.44) price target on shares of ITV in a research report on Tuesday, November 14th. Kepler Capital Markets reiterated a “hold” rating and set a GBX 175 ($2.36) price target on shares of ITV in a research report on Wednesday, November 15th. Finally, J P Morgan Chase & Co upgraded ITV to an “overweight” rating and lowered their price target for the stock from GBX 204 ($2.75) to GBX 185 ($2.49) in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 208.28 ($2.80).
In other news, insider Mary Harris bought 1,945 shares of ITV stock in a transaction on Friday, September 29th. The stock was acquired at an average price of GBX 172 ($2.31) per share, with a total value of £3,345.40 ($4,502.56).
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.
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