ITV (LON:ITV) Shares Down 0.1% - What's Next?

Key Points

• ITV plc's share price decreased by 0.1% on Wednesday, trading at GBX 74.55 ($1.00) with significantly lower trading volume, down 86% from its average session volume.
• JPMorgan Chase & Co. raised their price target for ITV from GBX 110 to GBX 112, maintaining an "overweight" rating, while the consensus rating for the stock is also a "Buy".
• The company reported GBX 1.80 in earnings per share for the last quarter, with a forecasted EPS of 1120 for the current fiscal year.

ITV plc (LON:ITV - Get Free Report)'s share price fell 0.1% on Wednesday . The stock traded as low as GBX 73.95 ($0.99) and last traded at GBX 74.55 ($1.00). 2,602,826 shares were traded during mid-day trading, a decline of 86% from the average session volume of 18,564,254 shares. The stock had previously closed at GBX 74.60 ($1.00).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on ITV from GBX 110 to GBX 112 and gave the company an "overweight" rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 112.

ITV Stock Performance

The firm has a market cap of £2.55 billion, a PE ratio of 13.94, a PEG ratio of -0.53 and a beta of 1.44. The firm's 50 day simple moving average is GBX 79.70 and its 200 day simple moving average is GBX 79.17. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00.

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

ITV Company Profile

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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