Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for ITV (LON:ITV)
by Doug Wharley · The Cerbat GemITV (LON:ITV – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 85 price target on the broadcaster’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 15.18% from the company’s previous close.
Separately, JPMorgan Chase & Co. lowered shares of ITV to a “neutral” rating and dropped their target price for the company from GBX 104 to GBX 85 in a report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 85.
Read Our Latest Stock Analysis on ITV
ITV Stock Down 0.6%
Shares of LON ITV opened at GBX 73.80 on Monday. The company has a market capitalization of £2.76 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of -0.53 and a beta of 0.82. ITV has a 52-week low of GBX 65.70 and a 52-week high of GBX 87.35. The company has a debt-to-equity ratio of 52.95, a quick ratio of 0.83 and a current ratio of 1.18. The company’s 50 day moving average price is GBX 78.69 and its 200-day moving average price is GBX 79.54.
ITV (LON:ITV – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The broadcaster reported GBX 2.20 earnings per share for the quarter. ITV had a net margin of 6.57% and a return on equity of 13.15%. Equities analysts forecast that ITV will post 1120 earnings per share for the current year.
ITV declared that its board has initiated a share buyback plan on Friday, July 31st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the broadcaster to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at ITV
In other ITV news, insider Chris Kennedy sold 396,282 shares of ITV stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £309,099.96. Also, insider Carolyn McCall sold 652,363 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total transaction of £508,843.14. 0.53% of the stock is owned by corporate insiders.
ITV Company Profile
ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).
ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.
Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.