ITV (LON:ITV) Share Price Passes Above Two Hundred Day Moving Average of $68.67

ITV plc (LON:ITV) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 68.67 ($0.87) and traded as high as GBX 82.35 ($1.04). ITV shares last traded at GBX 79.90 ($1.01), with a volume of 5,462,754 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ITV shares. Numis Securities reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, March 7th. Citigroup restated a “buy” rating and issued a GBX 110 ($1.39) price target on shares of ITV in a research note on Thursday, June 6th.

ITV Stock Down 0.7 %

The business has a 50-day simple moving average of GBX 76.39 and a 200-day simple moving average of GBX 68.67. The company has a debt-to-equity ratio of 48.85, a quick ratio of 0.83 and a current ratio of 1.55. The company has a market cap of £3.17 billion, a price-to-earnings ratio of 1,598.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45.

Insider Buying and Selling

In other news, insider Graham Cooke acquired 16,996 shares of ITV stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of GBX 70 ($0.89) per share, for a total transaction of £11,897.20 ($15,048.32). Insiders own 10.39% of the company’s stock.

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.