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Home / Support and Resistance / ITV (ITV.L) 04-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

ITV (ITV.L) 04-11-19

Will ITV (ITV.L) break the key resistance level, or will it drop back to the 105p support once more? (-20%)?

 

  • Now trading near the 137p resistance at 132.57p (at time of writing).
  • Is this likely to appeal to short-sellers?
  • Will the shares fall again to recent support of 105p? (-20%).
  • Shares -16% from 12-month highs; +28% from 12 month lows.

Latest News

06 Sep:  Liberum Capital reiterates its buy rating on ITV (ITV) and increased the target price to 180p (from 145p).

08 Aug:  Berenberg reiterates its hold rating on ITV (ITV) and reduced the target price to 125p (from 140p).

25 Jul:  JP Morgan Cazenove reiterates its overweight rating on ITV (ITV) and reduced the target price to 170p (from 200p).

 

24 Jul:  ITV, the broadcaster,  reported advertising revenues ahead of expectations as the popular show ‘Love Island’ led it to a robust half-year performance.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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