Does this Upgrade present an opportunity for you?

Is it irrelevant, or will the Upgrade make ITV’s share price attractive?

• The chart shows ITV’s share price movements over the past 6 months.
• Shares -16.4% from 2018 highs; +8.5% from 2018 lows; -7.5% year-to date
• Analysts at Panmue Gordron have upgraded ITV to Buy (from Hold) and reiterated their 180p target.
• Consensus summary: 11 Buys, 10 Holds, 1 Sell; Average target: 189.5p (Source: Bloomberg).
• Current share price is 153p (at time of writing).
• Will the shares turn back, or will the upgrade push the shares back towards 182p prior highs?

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Trading ITV– An Example

Let’s say you think that ITV shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of ITV using a CFD, at the current price of 153p. To do this, you need £2,000.

For the purpose of this example, let’s assume the ITV share price rises to 182p. Your profit would be £1895, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 4% from the current price. ITV shares continue their July downtrend, they fall 4% and hit your stop-loss. Your loss would be £400.

This is provided for information purposes only. It should not be taken as a recommendation.