ITV plc (LON:ITV - Get Free Report)'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 73.52 ($0.99) and traded as high as GBX 80.98 ($1.09). ITV shares last traded at GBX 79.25 ($1.06), with a volume of 32,879,965 shares trading hands.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 115 ($1.54) price target on shares of ITV in a report on Wednesday, March 12th.
View Our Latest Stock Analysis on ITV
ITV Stock Performance
The stock's 50-day moving average is GBX 75.35 and its 200 day moving average is GBX 73.52. The stock has a market cap of £3.08 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83.
ITV (LON:ITV - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) EPS for the quarter. ITV had a return on equity of 23.62% and a net margin of 12.11%. As a group, analysts predict that ITV plc will post 1120 earnings per share for the current fiscal year.
ITV Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 10th will be paid a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.15%. ITV's dividend payout ratio (DPR) is presently 45.68%.
Insider Activity at ITV
In other news, insider Carolyn McCall sold 267,242 shares of ITV stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 79 ($1.06), for a total transaction of £211,121.18 ($283,156.09). Also, insider Sharmila Nebhrajani acquired 11,930 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was acquired at an average price of GBX 67 ($0.90) per share, for a total transaction of £7,993.10 ($10,720.36). Company insiders own 10.64% of the company's stock.
ITV Company Profile
(
Get Free Report)
ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.
ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.
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