Shares of ITV plc (LON:ITV - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 73.80 ($1.00) and traded as high as GBX 79.45 ($1.08). ITV shares last traded at GBX 78.05 ($1.06), with a volume of 7,113,925 shares.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 115 ($1.56) price target on shares of ITV in a research report on Wednesday, March 12th.
Check Out Our Latest Stock Analysis on ITV
ITV Stock 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 firm has a 50-day moving average of GBX 76.75 and a 200-day moving average of GBX 73.83. The stock has a market capitalization of £3.03 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of -0.53 and a beta of 1.44.
ITV (LON:ITV - Get Free Report) last released its earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) earnings per share (EPS) for the quarter. ITV had a return on equity of 23.62% and a net margin of 12.11%. As a group, sell-side analysts predict that ITV plc will post 1120 earnings per share for the current year.
ITV Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, April 10th were given a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, April 10th. ITV's payout ratio is 45.68%.
Insider Activity at ITV
In other ITV news, insider Carolyn McCall sold 267,242 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 79 ($1.07), for a total transaction of £211,121.18 ($286,460.22). Also, insider Chris Kennedy sold 398,708 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of GBX 68 ($0.92), for a total value of £271,121.44 ($367,871.70). 10.64% of the stock is owned by insiders.
About ITV
(
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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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