ITV (LON:ITV) Stock 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 Thursday . The stock has a 200-day moving average of GBX 80.54 and traded as high as GBX 82.95. ITV shares last traded at GBX 81.80, with a volume of 12,078,005 shares trading hands.

Wall Street Analysts Forecast Growth

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

ITV Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. The stock has a market cap of £3.06 billion, a PE ratio of 14.10, a PEG ratio of -0.53 and a beta of 0.82. The business has a 50-day moving average price of GBX 80.87 and a 200 day moving average price of GBX 80.54.

Insider Transactions at ITV

In other ITV news, insider Carolyn McCall sold 652,363 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 £508,843.14. Also, insider Chris Kennedy sold 396,282 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total transaction of £309,099.96. Insiders own 0.53% 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.