ITV plc (LON:ITV - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 73.80 ($0.99) and traded as high as GBX 79.45 ($1.07). ITV shares last traded at GBX 78.05 ($1.05), with a volume of 7,113,925 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 115 ($1.55) target price on shares of ITV in a report on Wednesday, March 12th.
Check Out Our Latest Research Report on ITV
ITV Price Performance
The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The firm has a market cap of £3.03 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company's fifty day moving average is GBX 76.68 and its two-hundred day moving average is GBX 73.89.
ITV (LON:ITV - Get Free Report) last posted its earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. Equities research analysts forecast that ITV plc will post 1120 EPS for the current year.
ITV Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, April 10th were issued a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 4.15%. ITV's payout ratio is 45.68%.
Insiders Place Their Bets
In other ITV news, insider Carolyn McCall sold 267,242 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of GBX 79 ($1.06), for a total value of £211,121.18 ($284,414.90). Also, insider Chris Kennedy sold 398,708 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of GBX 68 ($0.92), for a total transaction of £271,121.44 ($365,245.10). 10.64% of the stock is currently owned by company insiders.
ITV Company Profile
(
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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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