JPMorgan Chase & Co. Reiterates “Overweight” Rating for ITV (LON:ITV)

ITV (LON:ITV)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a report issued on Wednesday,Digital Look reports. They currently have a GBX 115 ($1.49) price target on the broadcaster’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 51.32% from the stock’s current price.

Separately, Citigroup restated a “buy” rating on shares of ITV in a research note on Thursday, December 5th.

ITV Stock Performance

Shares of ITV traded down GBX 1.10 ($0.01) during mid-day trading on Wednesday, hitting GBX 76 ($0.98). 2,653,697 shares of the company traded hands, compared to its average volume of 36,818,660. ITV has a 1 year low of GBX 61.29 ($0.79) and a 1 year high of GBX 89 ($1.15). The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The stock has a 50-day moving average price of GBX 73.13 and a two-hundred day moving average price of GBX 74.50. The stock has a market cap of £2.93 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of -0.53 and a beta of 1.44.

ITV (LON:ITV) last announced its earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.12) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. Equities analysts anticipate that ITV will post 1120 earnings per share for the current year.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.