ITV (LON:ITV) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

ITV plc (LON:ITV)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 80.35 and traded as high as GBX 82.75. ITV shares last traded at GBX 82.75, with a volume of 5,149,301 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 90 price target on shares of ITV in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 97.50.

ITV Trading Up 0.7%

The firm has a market cap of £3.09 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of -0.53 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 48.72. The firm’s 50-day simple moving average is GBX 79.10 and its 200 day simple moving average is GBX 80.35.

ITV (LON:ITV) last announced its quarterly earnings data on Thursday, March 5th. The broadcaster reported GBX 8.50 EPS for the quarter. ITV had a net margin of 7.28% and a return on equity of 11.42%. As a group, analysts expect that ITV plc will post 1120 earnings per share for the current year.

Insider Activity

In other news, insider Carolyn McCall sold 652,363 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £508,843.14. Also, insider Chris Kennedy sold 396,282 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total transaction of £309,099.96. Insiders own 0.48% of the company’s stock.

ITV Company Profile

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.