ITV - ITV Share Forecast, Price & News

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment 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. It also delivers content through linear television broadcasting, as well as on the ITV Hub, catch up services on pay platforms, and through direct content deals. In addition, this segment offers online advertising, HD digital channel on pay platform, and ITV Choice subscription services, as well as licenses DTT Multiplex A. The ITV Studios segment creates and produces programs and formats that include drama, entertainment, and factual entertainment for its own channels and other broadcasters. It also operates as an unscripted independent producer of content in the United States; and produces content for local broadcasters and international OTT platforms in Australia, Germany, France, Italy, the Netherlands, Sweden, Norway, Finland, and Denmark. In addition, this segment engages in formats and distribution ITV's finished programmes, and formats and third-party content internationally, as well as finances productions. The company also engages in the development of platform, broadband, transactional, and mobile services; operation of digital television channels; operation of Freeview Multiplex A; rights ownership and distribution of television programs and films; and scheduling and commissioning of television programs. ITV plc was founded in 1955 is based in London, the United Kingdom.

ITV Price Performance

ITV Stock traded down GBX 1.76 ($0.02) during midday trading on Monday, reaching GBX 71.40 ($0.86). The company had a trading volume of 6,363,519 shares, compared to its average volume of 13,321,236. The company has a market capitalization of £2.87 billion and a price-to-earnings ratio of 595.00. The stock has a 50 day moving average price of GBX 68.94 and a 200-day moving average price of GBX 80.37. ITV has a 1-year low of GBX 62.04 ($0.75) and a 1-year high of GBX 127.19 ($1.54). The company has a debt-to-equity ratio of 66.07, a current ratio of 1.34 and a quick ratio of 0.83.

ITV Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, October 20th will be paid a GBX 1.70 ($0.02) dividend. This represents a yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 20th. ITV's dividend payout ratio (DPR) is presently 27.50%.

Wall Street Analyst Weigh In

A number of research firms have commented on ITV. Shore Capital reaffirmed a "buy" rating on shares of ITV in a research report on Thursday, July 28th. Morgan Stanley reissued an "equal weight" rating on shares of ITV in a research report on Tuesday, April 26th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 170 ($2.05) target price on shares of ITV in a research report on Monday, June 20th. Berenberg Bank reduced their target price on shares of ITV from GBX 66 ($0.80) to GBX 56 ($0.68) and set a "sell" rating for the company in a research report on Wednesday, August 3rd. Finally, Barclays reduced their target price on shares of ITV from GBX 95 ($1.15) to GBX 85 ($1.03) and set an "equal weight" rating for the company in a research report on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ITV currently has an average rating of "Hold" and a consensus price target of GBX 112.33 ($1.36).

Insider Activity at ITV

In other ITV news, insider Mary Harris bought 3,943 shares of the stock in a transaction on Thursday, June 30th. The stock was purchased at an average price of GBX 66 ($0.80) per share, with a total value of £2,602.38 ($3,144.49). In other ITV news, insider Mary Harris bought 3,943 shares of the stock in a transaction on Thursday, June 30th. The stock was purchased at an average price of GBX 66 ($0.80) per share, with a total value of £2,602.38 ($3,144.49). Also, insider Andrew Cosslett bought 301,889 shares of the stock in a transaction on Tuesday, June 28th. The shares were acquired at an average cost of GBX 69 ($0.83) per share, with a total value of £208,303.41 ($251,695.76).