ITV plc 49.5% potential upside indicated by JP Morgan

ITV plc with ticker (LON:ITV) now has a potential upside of 49.5% according to JP Morgan.



JP Morgan set a target price of 215 GBX for the company, which when compared to the ITV plc share price of 109 GBX at opening today (14/12/2021) indicates a potential upside of 49.5%. Trading has ranged between 98 (52 week low) and 134 (52 week high) with an average of 12,601,650 shares exchanging hands daily. The market capitalisation at the time of writing is £4,351,467,067.

ITV plc (ITV) is an integrated producer broadcaster (IPB) and creates, owns and distributes content on multiple platforms globally. The Company operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates commercial channels in the United Kingdom (UK) and delivers content through linear television broadcasting and across multiple platforms. ITV also engages directly with consumers through subscription video on demand on the ITV Hub+, competitions, live events, gaming apps, merchandise and pay per view events, driving value from consumers’ increasing willingness to engage with brands. The ITV Studios segment is the Company’s international content business which creates and produces content in the UK and internationally across 12 countries. ITV Studios produces programming across a range of genres including drama, entertainment and factual entertainment for ITV’s own channels in the UK and local broadcasters in the UK and globally.