ITV (LON:ITV) Shares Cross Above 200 Day Moving Average of $69.71

Shares of ITV plc (LON:ITVGet Rating) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 69.71 ($0.86) and traded as high as GBX 80.70 ($1.00). ITV shares last traded at GBX 79.92 ($0.99), with a volume of 8,399,240 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ITV. JPMorgan Chase & Co. lowered their target price on shares of ITV from GBX 170 ($2.10) to GBX 160 ($1.98) and set an “overweight” rating for the company in a research note on Thursday, November 10th. Shore Capital restated a “buy” rating on shares of ITV in a research note on Friday, December 16th. Barclays decreased their price target on shares of ITV from GBX 75 ($0.93) to GBX 70 ($0.87) and set an “equal weight” rating for the company in a research note on Thursday, November 10th. Finally, Berenberg Bank reissued a “sell” rating and issued a GBX 56 ($0.69) price objective on shares of ITV in a research note on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 95.80 ($1.19).

ITV Stock Up 0.4 %

The business’s 50 day moving average is GBX 75.99 and its 200 day moving average is GBX 69.81. The company has a quick ratio of 0.83, a current ratio of 1.34 and a debt-to-equity ratio of 66.07. The company has a market cap of £3.27 billion and a P/E ratio of 673.00.

Insider Activity

In other news, insider Mary Harris bought 3,467 shares of ITV stock in a transaction on Friday, December 30th. The stock was acquired at an average cost of GBX 75 ($0.93) per share, for a total transaction of £2,600.25 ($3,219.33).

ITV Company Profile

(Get Rating)

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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