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ITV plc ( (GB:ITV) ) has provided an update.
ITV plc has transferred 35 million ordinary shares from its treasury account to the ITV Employees Benefit Trust to satisfy awards under its Executive Share Plan and Sharesave scheme, with the transfer made for nil consideration. Following this move, ITV’s issued share capital stands at 3,858,668,496 shares, of which 65,479,277 are held in treasury, leaving 3,793,189,219 shares in issue with full voting rights, a key reference figure for shareholders assessing disclosure obligations under UK regulatory rules.
The most recent analyst rating on (GB:ITV) stock is a Buy with a £92.00 price target. To see the full list of analyst forecasts on ITV plc stock, see the GB:ITV Stock Forecast page.
Spark’s Take on GB:ITV Stock
According to Spark, TipRanks’ AI Analyst, GB:ITV is a Outperform.
ITV plc’s overall stock score is driven by strong corporate event performance and positive technical indicators. The company’s financial performance is stable but faces challenges in revenue growth and cash flow management. Valuation is reasonable with an attractive dividend yield, providing a balanced investment opportunity.
To see Spark’s full report on GB:ITV stock, click here.
More about ITV plc
ITV plc is a UK-based media and entertainment company best known for its commercial television broadcasting and content production. It operates across broadcasting, streaming and content studios, generating revenue from advertising, distribution and related media services in the UK and international markets.
Average Trading Volume: 11,530,841
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.03B
See more insights into ITV stock on TipRanks’ Stock Analysis page.