ITV plc (LON:ITV) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 111.20 ($1.45) and last traded at GBX 113.15 ($1.48), with a volume of 21377518 shares changing hands. The stock had previously closed at GBX 112.90 ($1.48).
A number of research analysts have recently issued reports on the company. Deutsche Bank lowered their price target on ITV from GBX 140 ($1.83) to GBX 130 ($1.70) and set a “hold” rating on the stock in a report on Thursday, May 9th. Berenberg Bank lowered their price target on ITV from GBX 150 ($1.96) to GBX 140 ($1.83) and set a “hold” rating on the stock in a report on Friday, May 10th. Liberum Capital reaffirmed a “buy” rating on shares of ITV in a report on Tuesday, May 7th. UBS Group reaffirmed a “neutral” rating and set a GBX 125 ($1.63) price target (down from GBX 130 ($1.70)) on shares of ITV in a report on Thursday, May 9th. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 138 ($1.80) price target on shares of ITV in a report on Friday, January 25th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 152.50 ($1.99).
The company has a debt-to-equity ratio of 123.32, a current ratio of 1.10 and a quick ratio of 0.76. The firm has a market cap of $4.47 billion and a price-to-earnings ratio of 9.75.
ITV (LON:ITV) last posted its earnings results on Wednesday, February 27th. The broadcaster reported GBX 15.40 ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 15 ($0.20) by GBX 0.40 ($0.01). On average, equities analysts anticipate that ITV plc will post 1419.0000528365 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 11th will be issued a GBX 5.40 ($0.07) dividend. This is an increase from ITV’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 4.11%. ITV’s dividend payout ratio is currently 0.69%.
In other news, insider Mary Harris bought 2,649 shares of the stock in a transaction on Friday, March 29th. The shares were bought at an average price of GBX 127 ($1.66) per share, with a total value of £3,364.23 ($4,395.96).
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ITV Company Profile (LON:ITV)
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online 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.
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