Rating to Follow: ITV PLC (LON:ITV) Investors: Peel Hunt Reaffirms Buy Rating, Sees GBX 330.00/Share

November 25, 2016 - By Michael Collier


Stock analysts at Peel Hunt have GBX 330.00 PT on ITV PLC (LON:ITV). Peel Hunt’s PT means a potential upside of 96.37% from the company’s last stock close price. The rating was revealed to clients and investors in a research report on Friday morning.

ITV plc (LON:ITV) Ratings Coverage

Out of 25 analysts covering ITV PLC (LON:ITV), 14 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 56% are positive. GBX 375 is the highest target while GBX 155 is the lowest. The GBX 241.67 average target is 43.86% above today’s (GBX 167.99) stock price. ITV PLC has been the topic of 218 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the stock with “Buy” rating in Tuesday, November 10 report. The firm earned “Buy” rating on Thursday, October 1 by Liberum Capital. The rating was upgraded by Berenberg on Friday, March 18 to “Hold”. The company was maintained on Tuesday, July 19 by Shore Capital. BNP Paribas maintained the stock with “Neutral” rating in Thursday, January 21 report. The company was downgraded on Tuesday, March 1 by Goldman Sachs. The firm has “Neutral” rating by BNP Paribas given on Tuesday, August 18. The stock of ITV plc (LON:ITV) has “Overweight” rating given on Thursday, July 28 by JP Morgan. Deutsche Bank maintained ITV plc (LON:ITV) on Monday, February 8 with “Sell” rating. The stock has “Buy” rating given by Liberum Capital on Monday, February 15.

About 6.90M shares traded hands. ITV plc (LON:ITV) has declined 28.66% since April 27, 2016 and is downtrending. It has underperformed by 34.07% the S&P500.

ITV plc is an integrated producer broadcaster. The company has a market cap of 6.79 billion GBP. The Company’s divisions include Broadcast & Online and ITV Studios. It has a 13.96 P/E ratio. The Company’s Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting.

ITV Company Profile

ICTV Brands, Inc., formerly International Commercial Television, Inc., incorporated on June 25, 1998, sells various health, wellness and beauty products, as well as miscellaneous consumer products through a range of sales channels throughout the United States and internationally. The Company’s divisions include direct response television (DRTV) Consumer and International Third Party Distributor. The Firm develops, markets and sells products through a multi-channel distribution strategy, including DRTV, digital marketing campaigns, live home shopping, traditional retail and e-commerce market places, and its international third party distributor network. The Company’s primary product categories are in the health, wellness and household space.

Another recent and important ITV plc (LON:ITV) news was published by Business.Financialpost.com which published an article titled: “‘Peppa Pig’ owner Entertainment One Ltd rejects ITV Plc US$1.3-billion …” on August 10, 2016.

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