ITV plc (LON:ITV – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 64.02 ($0.79) and traded as high as GBX 71.05 ($0.88). ITV shares last traded at GBX 70.75 ($0.87), with a volume of 5,936,885 shares traded.
Analysts Set New Price Targets
ITV has been the subject of several recent analyst reports. Shore Capital reissued a “buy” rating on shares of ITV in a report on Thursday, January 25th. Numis Securities reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, March 7th.
Read Our Latest Research Report on ITV
ITV Stock Performance
ITV Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 11th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 5.41%. This is an increase from ITV’s previous dividend of $1.70. ITV’s payout ratio is presently 10,000.00%.
Insider Buying and Selling at ITV
In related news, insider Sharmila Nebhrajani acquired 11,238 shares of the stock in a transaction on Tuesday, March 12th. The stock was purchased at an average price of GBX 71 ($0.88) per share, for a total transaction of £7,978.98 ($9,855.46). Corporate insiders own 10.72% of the company’s stock.
ITV Company Profile
ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.
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