ITV (LON:ITV) Trading Up 7.6% – Here’s What Happened

Shares of ITV plc (LON:ITV) shot up 7.6% during trading on Monday . The company traded as high as GBX 71.86 ($0.90) and last traded at GBX 70.45 ($0.89). 549,124,563 shares traded hands during mid-day trading, an increase of 3,413% from the average session volume of 15,632,760 shares. The stock had previously closed at GBX 65.50 ($0.82).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of ITV in a research note on Thursday, November 7th.

ITV Stock Up 0.4 %

The firm has a 50 day simple moving average of GBX 74.46 and a two-hundred day simple moving average of GBX 77.84. The stock has a market capitalization of £2.71 billion, a P/E ratio of 633.64, a PEG ratio of -0.53 and a beta of 1.44. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31.

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.