ITV (LON:ITV) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

ITV plc (LON:ITV)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 80.50 and traded as high as GBX 84.30. ITV shares last traded at GBX 82.35, with a volume of 258,297,563 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 90 price target on shares of ITV in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 97.50.

ITV Price Performance

The company has a debt-to-equity ratio of 48.72, a current ratio of 1.23 and a quick ratio of 0.83. The stock has a market capitalization of £3.07 billion, a P/E ratio of 14.16, a PEG ratio of -0.53 and a beta of 0.82. The company’s 50 day simple moving average is GBX 79.78 and its two-hundred day simple moving average is GBX 80.50.

Insider Activity

In other ITV news, insider Chris Kennedy sold 396,282 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total transaction of £309,099.96. Also, insider Carolyn McCall sold 652,363 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total transaction of £508,843.14. 0.53% of the stock is currently owned by corporate insiders.

About ITV

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.