ITV (LON:ITV) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of ITV plc (LON:ITV) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 80.54 and traded as high as GBX 82.95. ITV shares last traded at GBX 81.80, with a volume of 12,078,005 shares.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 90 price objective on shares of ITV in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 97.50.

ITV Stock Down 0.1%

The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 48.72. The company has a market capitalization of £3.06 billion, a PE ratio of 14.09, a PEG ratio of -0.53 and a beta of 0.82. The company’s 50 day moving average is GBX 80.95 and its two-hundred day moving average is GBX 80.55.

Insider Transactions at ITV

In related news, insider Carolyn McCall sold 652,363 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total value of £508,843.14. Also, insider Chris Kennedy sold 396,282 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £309,099.96. Company insiders own 0.53% of the company’s stock.

About ITV

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.