JPMorgan Chase & Co. Raises ITV (LON:ITV) Price Target to GBX 112

Key Points

• JPMorgan Chase & Co. raised its price target for ITV from GBX 110 ($1.49) to GBX 112 ($1.51), indicating a potential upside of 29.86% from the current stock price.
• As of Friday, ITV stock opened at GBX 86.25 ($1.17) and recently traded down 1.8%.
• In its latest earnings report, ITV posted earnings of GBX 1.80 ($0.02) per share, with an expected earnings prediction of 1120 for the current year.

ITV (LON:ITV - Free Report) had its price target increased by JPMorgan Chase & Co. from GBX 110 ($1.48) to GBX 112 ($1.50) in a research note published on Friday morning, Marketbeat.com reports. The firm currently has an overweight rating on the broadcaster's stock.

ITV Price Performance

LON ITV traded down GBX 2.10 ($0.03) during trading on Friday, reaching GBX 85.70 ($1.15). 16,015,106 shares of the company traded hands, compared to its average volume of 21,869,248. ITV has a 1-year low of GBX 61.29 ($0.82) and a 1-year high of GBX 88.90 ($1.19). The company has a market cap of £3.30 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of -0.53 and a beta of 1.44. The stock's 50 day moving average price is GBX 80.29 and its two-hundred day moving average price is GBX 76.88. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56.

ITV (LON:ITV - Get Free Report) last posted its earnings results on Thursday, July 24th. The broadcaster reported GBX 1.80 ($0.02) EPS for the quarter. ITV had a return on equity of 23.62% and a net margin of 12.11%. As a group, analysts anticipate that ITV will post 1120 EPS for the current year.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment. ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.