ITV (LON:ITV) Rating Reiterated by Berenberg Bank

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Berenberg Bank reaffirmed their hold rating on shares of ITV (LON:ITV) in a research note released on Wednesday morning, Digital Look reports. Berenberg Bank currently has a GBX 125 ($1.63) price objective on the broadcaster’s stock.

Several other analysts also recently commented on the stock. Goldman Sachs Group decreased their price objective on shares of ITV from GBX 187 ($2.44) to GBX 121 ($1.58) and set a neutral rating on the stock in a research report on Monday, June 3rd. JPMorgan Chase & Co. decreased their price objective on shares of ITV from GBX 200 ($2.61) to GBX 170 ($2.22) and set an overweight rating on the stock in a research report on Thursday, July 25th. UBS Group restated a neutral rating on shares of ITV in a research report on Thursday, July 25th. Deutsche Bank restated a hold rating on shares of ITV in a research report on Friday, July 26th. Finally, Shore Capital restated a buy rating on shares of ITV in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 141.17 ($1.84).

ITV opened at GBX 126.30 ($1.65) on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.72 and a debt-to-equity ratio of 181.11. ITV has a 1-year low of GBX 102.65 ($1.34) and a 1-year high of GBX 165.80 ($2.17). The company has a market capitalization of $5.08 billion and a PE ratio of 11.38. The firm’s 50 day simple moving average is GBX 111.71 and its two-hundred day simple moving average is GBX 119.51.

The business also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, October 24th will be issued a GBX 2.60 ($0.03) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 2.3%. ITV’s dividend payout ratio is currently 0.72%.

In related news, insider Mary Harris purchased 3,113 shares of ITV stock in a transaction on Friday, June 28th. The shares were bought at an average cost of GBX 108 ($1.41) per share, for a total transaction of £3,362.04 ($4,393.10).

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.

Read More: Understanding the Price to Earnings Ratio (PE)

Analyst Recommendations for ITV (LON:ITV)

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