STV Group (LON:STVG) Stock Passes Above Fifty Day Moving Average of $282.26

STV Group plc (LON:STVGGet Rating)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 282.26 ($3.41) and traded as high as GBX 300.28 ($3.63). STV Group shares last traded at GBX 286 ($3.46), with a volume of 74,685 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of STV Group in a report on Wednesday, August 31st.

STV Group Stock Performance

The firm has a market cap of £133.62 million and a price-to-earnings ratio of 697.56. The business’s 50 day moving average price is GBX 282.26 and its 200 day moving average price is GBX 298.58.

STV Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Thursday, September 22nd will be paid a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 1.41%. STV Group’s payout ratio is 23.66%.

STV Group Company Profile

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STV Group plc, together with its subsidiaries, produces and broadcasts television programs in the United Kingdom. The company operates through Broadcast, Digital, Studios, and Other segments. It offers news, information, and entertainment programs. The company delivers its content on air, online, and on demand.

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