ITV (LON:ITV) Stock Price Passes Above 200 Day Moving Average – What’s Next?

ITV plc (LON:ITV) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 79.52 and traded as high as GBX 81.75. ITV shares last traded at GBX 81.25, with a volume of 11,870,208 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on ITV from GBX 112 to GBX 105 and set an “overweight” rating for the company in a report on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 105.

ITV Price Performance

The firm has a market capitalization of £3.03 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of -0.53 and a beta of 1.44. The company’s 50 day moving average is GBX 81.24 and its 200 day moving average is GBX 79.52. The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network. It is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.