ITV plc (LON:ITV – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 63.93 ($0.80) and traded as high as GBX 71.25 ($0.89). ITV shares last traded at GBX 70.45 ($0.88), with a volume of 7,748,801 shares traded.
Analysts Set New Price Targets
Several brokerages have weighed in on ITV. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, January 25th. Numis Securities reaffirmed a “buy” rating on shares of ITV in a research report on Thursday, March 7th.
Get Our Latest Analysis on ITV
ITV Price Performance
ITV Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 11th will be issued a dividend of GBX 3.30 ($0.04) per share. This is a positive change from ITV’s previous dividend of $1.70. This represents a yield of 5.41%. The ex-dividend date is Thursday, April 11th. ITV’s payout ratio is presently 10,000.00%.
Insider Buying and Selling
In other news, insider Sharmila Nebhrajani bought 11,238 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average cost of GBX 71 ($0.88) per share, with a total value of £7,978.98 ($9,932.75). 10.72% of the stock is owned by corporate insiders.
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.
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