ITV (LON:ITV) Rating Reaffirmed
Equity research analysts at Bernstein now has a GBX 325 Estimated Target Price on ITV (LON:ITV). Bernstein and their recent Estimated Target Price provides a potential upside of 22.73% from the company’s stock close price. The rating has been revealed to investors in a note on 11 December.
From a total of 21 analysts covering ITV PLC (LON:ITV) stock, 14 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is GBX 330 while the lowest target price is GBX 194. The mean of all analyst targets is GBX 286.86 with a 9.07% above today’s (GBX 264.1) stock price. ITV PLC was the topic of 82 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 9 with “Neutral” rating. Morgan Stanley maintained shares with “Overwt/Attractive” rating and GBX 300 target share price in a report from a November 30. Bernstein maintained ITV stock in a recent report from December 4 with “Outperform” rating. BNP Paribas maintained the rating on November 17. BNP Paribas has a “Neutral” rating and a GBX 260 price target on shares. Finally, Nomura maintained the stock with “Buy” rating in a report issued on a December 3.
Approximately 2.82 million shares of stock traded hands. ITV plc (LON:ITV) has risen 2.68% since May 14, 2015 and is uptrending. It has outperformed by 5.70% the S&P500.
ITV plc is a United Kingdom-based integrated producer broadcaster. The company has a market cap of 10.60 billion GBP. The Firm creates, owns and distributes content on multiple platforms. It has 20.18 P/E ratio. The Firm operates through divisions: Broadcast & Online and ITV Studios.