ITV (LON:ITV) Price Target Raised to GBX 115

ITV (LON:ITV) had its target price upped by JPMorgan Chase & Co. from GBX 114 ($1.44) to GBX 115 ($1.45) in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have an overweight rating on the broadcaster’s stock.

A number of other analysts have also issued reports on ITV. Citigroup reissued a “buy” rating on shares of ITV in a research note on Thursday, December 5th. Shore Capital reissued a “buy” rating on shares of ITV in a research report on Thursday, November 7th.

ITV Price Performance

ITV stock opened at GBX 74.36 ($0.94) on Wednesday. The stock has a market capitalization of £2.89 billion, a price-to-earnings ratio of 672.73, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31. ITV has a 52-week low of GBX 55.49 ($0.70) and a 52-week high of GBX 89 ($1.12). The stock’s fifty day simple moving average is GBX 72.83 and its 200-day simple moving average is GBX 77.48.

About ITV

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.