ITV (LON:ITV) Trading Up 16.1% – Here’s What Happened

ITV plc (LON:ITV)’s share price traded up 16.1% during mid-day trading on Friday . The company traded as high as GBX 81.35 and last traded at GBX 78.61. 231,299,016 shares traded hands during trading, an increase of 1,075% from the average session volume of 19,680,676 shares. The stock had previously closed at GBX 67.70.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their target price on shares of ITV from GBX 110 to GBX 112 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 112.

ITV Price Performance

The firm’s 50 day simple moving average is GBX 76.57 and its 200 day simple moving average is GBX 79.07. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83. The stock has a market capitalization of £2.94 billion, a PE ratio of 16.04, a P/E/G ratio of -0.53 and a beta of 1.44.

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.