ITV (LON:ITV) Shares Pass Above 200 Day Moving Average – Here’s What Happened

ITV plc (LON:ITV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.61 and traded as high as GBX 82.45. ITV shares last traded at GBX 81.30, with a volume of 7,658,956 shares.

Analysts Set New Price Targets

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

ITV Stock Up 0.0%

The firm’s fifty day moving average price is GBX 80.56 and its 200-day moving average price is GBX 80.60. The company has a debt-to-equity ratio of 48.72, a current ratio of 1.23 and a quick ratio of 0.83. The company has a market capitalization of £3.02 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of -0.53 and a beta of 0.82.

Insiders Place Their Bets

In related news, insider Carolyn McCall sold 652,363 shares of the stock in a transaction on 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 on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £309,099.96. 0.53% of the stock is currently owned by insiders.

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.