ITV plc (LON:ITV - Get Free Report) traded up 13.3% during trading on Thursday . The company traded as high as GBX 88.20 ($1.18) and last traded at GBX 87.80 ($1.17). 26,032,645 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 21,910,430 shares. The stock had previously closed at GBX 77.50 ($1.04).
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. boosted their price objective on ITV from GBX 110 ($1.47) to GBX 112 ($1.50) and gave the company an "overweight" rating in a report on Friday.
View Our Latest Stock Report on ITV
ITV Trading Down 2.5%
The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00. The business's 50-day simple moving average is GBX 80.29 and its two-hundred day simple moving average is GBX 76.92. The firm has a market capitalization of £3.22 billion, a price-to-earnings ratio of 7.64, a PEG ratio of -0.53 and a beta of 1.44.
ITV (LON:ITV - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The broadcaster reported GBX 1.80 ($0.02) EPS for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. Equities analysts forecast that ITV plc will post 1120 earnings per share for the current year.
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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