ITV
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the ITV share price more attractive?
- Kepler Cheuvreux upgrades to Buy, with a target of 220p.
- Consensus: 8 Buys, 12 Holds, 1 Sell; Avg target: 138p (Source: Bloomberg).
- Current share price 110p (at time of writing).
- Shares -27.3% from 2019 highs; +9.2% from 2019 lows; +66% year-to date
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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 2635p. To do this, you need £2,000.
For the purpose of this example, let’s assume the ITV share price rises to 125p (+13.6%). Your profit would be £1360 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. ITV shares fall 3% and hit your stop-loss. Your loss would be £300.
This is provided for information purposes only. It should not be taken as a recommendation.