ITV (LON:ITV) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• ITV's share price recently rose above its 200-day moving average, with current trading at GBX 81.80 ($1.10).
• JPMorgan Chase & Co. raised their price target on ITV from GBX 110 ($1.48) to GBX 112 ($1.50), maintaining an "overweight" rating.
• ITV reported a quarterly earnings per share of GBX 1.80 ($0.02) and has a market capitalization of £3.19 billion.

ITV plc (LON:ITV - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 77.76 ($1.04) and traded as high as GBX 82.15 ($1.10). ITV shares last traded at GBX 81.80 ($1.10), with a volume of 4,067,221 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on ITV from GBX 110 ($1.48) to GBX 112 ($1.50) and gave the stock an "overweight" rating in a research report on Friday, July 25th.

ITV Price Performance

The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The business has a 50-day moving average price of GBX 81.03 and a two-hundred day moving average price of GBX 77.76. The firm has a market capitalization of £3.19 billion, a price-to-earnings ratio of 7.56, a PEG ratio of -0.53 and a beta of 1.44.

ITV (LON:ITV - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The broadcaster reported GBX 1.80 ($0.02) earnings per share for the quarter. ITV had a return on equity of 23.62% and a net margin of 12.11%. As a group, research analysts forecast that ITV plc will post 1120 EPS for the current year.

About ITV

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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