ITV plc Price & Performance (ITVPY)

Gatwick Airport has accepted more rigorous restrictions on aircraft noise and public transport commitments as it seeks approval for its £2.2 billion expansion. The airport pledged enhanced noise insulation for locals and aims for 54% of passengers to use public transport before its northern runway opens, addressing government concerns over congestion and environmental impact.12

ITV’s stock price closed at 80.80 GBX on Friday, with a market cap of £3 billion and a P/E ratio below industry average. While the share price has seen significant swings, some analysts suggest ITV is undervalued, offering room for gains, though near-term profit forecasts remain cautious.34

Independent valuation analysis indicates ITV’s fair value could be 108.68 GBX, about 34% above its current market price. Using recent earnings growth rates, the broadcaster’s shares are considered a potential bargain for investors, despite mixed outlooks for short-term profit growth.56