Latest Stocks: HSBC Holdings plc Lowers ITV plc (ITV) to Hold

Latest Stocks: HSBC Holdings plc Lowers ITV plc (ITV) to Hold

HSBC Holdings plc lowered shares of ITV plc (LON:ITV) to a hold rating in a research note published on Thursday. HSBC Holdings plc currently has GBX 215 ($2.78) price target on the broadcaster’s stock, down from their previous price target of GBX 230 ($2.97).

Several other research firms have also weighed in on ITV. Deutsche Bank AG reissued a hold rating and issued a GBX 180 ($2.33) target price on shares of ITV plc in a report on Thursday, May 4th. Barclays PLC reissued an equal weight rating and issued a GBX 200 ($2.58) target price on shares of ITV plc in a report on Thursday, May 11th. Citigroup Inc reissued a buy rating on shares of ITV plc in a report on Tuesday, May 9th. Shore Capital reissued a buy rating and issued a GBX 202 ($2.61) target price on shares of ITV plc in a report on Thursday, February 23rd. Finally, Credit Suisse Group AG reissued an outperform rating and issued a GBX 240 ($3.10) target price on shares of ITV plc in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 227.57 ($2.94).

ITV plc (LON:ITV) opened at 186.00 on Thursday. The stock’s market cap is GBX 7.46 billion. ITV plc has a one year low of GBX 141.00 and a one year high of GBX 221.76. The firm has a 50-day moving average price of GBX 202.74 and a 200-day moving average price of GBX 201.01. In other ITV plc news, insider Adam Crozier sold 240,534 shares of the company’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of GBX 210 ($2.71), for a total transaction of £505,121.40 ($652,695.96). Also, insider Ian Griffiths sold 269,755 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of GBX 199 ($2.57), for a total value of £536,812.45 ($693,645.76).

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