ITV (LON:ITV) Stock Price Passes Above 200 Day Moving Average of $68.67

ITV plc (LON:ITV)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 68.67 ($0.87) and traded as high as GBX 82.35 ($1.04). ITV shares last traded at GBX 79.90 ($1.01), with a volume of 5,462,754 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on ITV. Numis Securities reissued a “buy” rating on shares of ITV in a report on Thursday, March 7th. Citigroup reissued a “buy” rating and set a GBX 110 ($1.39) target price on shares of ITV in a report on Thursday, June 6th.

ITV Price Performance

The firm has a market cap of £3.30 billion, a P/E ratio of 1,661.00, a PEG ratio of -0.53 and a beta of 1.45. The business’s fifty day simple moving average is GBX 77.01 and its 200-day simple moving average is GBX 69.01. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 48.85.

Insider Transactions at ITV

In other news, insider Graham Cooke purchased 16,996 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of GBX 70 ($0.89) per share, with a total value of £11,897.20 ($15,048.32). Insiders own 10.39% of the company’s stock.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.