ITV (LON:ITV) Share Price Passes Above Two Hundred Day Moving Average of $67.88

ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 67.88 ($0.86) and traded as high as GBX 80.85 ($1.03). ITV shares last traded at GBX 80.30 ($1.02), with a volume of 54,934,926 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Numis Securities reissued a “buy” rating on shares of ITV in a report on Thursday, March 7th. Citigroup restated a “buy” rating and set a GBX 110 ($1.40) price objective on shares of ITV in a research report on Thursday, June 6th.

ITV Stock Up 4.7 %

The business’s 50 day simple moving average is GBX 75.27 and its 200 day simple moving average is GBX 67.93. The company has a market capitalization of £3.19 billion, a PE ratio of 1,606.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 48.85.

Insider Buying and Selling

In other ITV news, insider Graham Cooke bought 16,996 shares of ITV stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of GBX 70 ($0.89) per share, for a total transaction of £11,897.20 ($15,117.15). Company insiders own 10.39% of the company’s stock.

About ITV

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.