Shore Capital Reaffirms “Buy” Rating for ITV (LON:ITV)

Shore Capital restated their buy rating on shares of ITV (LON:ITV) in a research note published on Thursday, MarketBeat.com reports.

Separately, Citigroup reiterated a buy rating and issued a GBX 110 ($1.42) price objective on shares of ITV in a report on Thursday, June 6th.

ITV Stock Down 0.4 %

Shares of LON ITV opened at GBX 80.75 ($1.04) on Thursday. The firm has a market cap of £3.21 billion, a price-to-earnings ratio of 1,615.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45. The company’s 50-day simple moving average is GBX 80.07 and its 200-day simple moving average is GBX 71.36. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 48.85. ITV has a 52-week low of GBX 55.49 ($0.72) and a 52-week high of GBX 89 ($1.15).

ITV Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Thursday, October 17th will be paid a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date is Thursday, October 17th. This represents a yield of 2.02%. ITV’s dividend payout ratio (DPR) is presently 10,000.00%.

Insider Activity

In other ITV news, insider Graham Cooke acquired 16,996 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of GBX 70 ($0.91) per share, for a total transaction of £11,897.20 ($15,386.96). Company insiders own 10.39% of the company’s stock.

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.