ITV (LON:ITV) Upgraded to Outperform by BNP Paribas

BNP Paribas upgraded shares of ITV (LON:ITV) to an outperform rating in a research note released on Thursday, Stock Target Advisor reports. BNP Paribas currently has GBX 165 ($2.16) price objective on the broadcaster’s stock, up from their previous price objective of GBX 120 ($1.57).

ITV has been the subject of several other reports. Morgan Stanley reissued an equal weight rating on shares of ITV in a report on Monday, November 11th. Credit Suisse Group raised their target price on shares of ITV from GBX 170 ($2.22) to GBX 175 ($2.29) and gave the company an outperform rating in a research note on Tuesday, November 12th. UBS Group reiterated a neutral rating and set a GBX 130 ($1.70) price target (up previously from GBX 125 ($1.63)) on shares of ITV in a research report on Friday, November 8th. Liberum Capital reissued a buy rating and set a GBX 180 ($2.35) price target on shares of ITV in a research note on Tuesday, November 12th. Finally, Bank of America reissued an underperform rating on shares of ITV in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. ITV has an average rating of Hold and a consensus target price of GBX 148.43 ($1.94).

ITV stock traded up GBX 0.20 ($0.00) during midday trading on Thursday, reaching GBX 143.50 ($1.88). The stock had a trading volume of 8,880,475 shares, compared to its average volume of 19,490,000. The business has a fifty day simple moving average of GBX 137.26 and a two-hundred day simple moving average of GBX 119.57. The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 181.11. The firm has a market cap of $5.76 billion and a price-to-earnings ratio of 12.93. ITV has a twelve month low of GBX 102.65 ($1.34) and a twelve month high of GBX 153.05 ($2.00).

In other news, insider Salman Amin acquired 8,079 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of GBX 136 ($1.78) per share, for a total transaction of £10,987.44 ($14,357.04). Also, insider Mary Harris bought 2,672 shares of the stock in a transaction on Monday, September 30th. The stock was purchased at an average cost of GBX 126 ($1.65) per share, with a total value of £3,366.72 ($4,399.22). Insiders acquired 23,551 shares of company stock worth $3,035,416 in the last three months.

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.

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Analyst Recommendations for ITV (LON:ITV)

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