ITV (LON:ITV) Share Price Passes Above 200 Day Moving Average of $64.49

Shares of ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 64.49 ($0.81) and traded as high as GBX 76.65 ($0.96). ITV shares last traded at GBX 76.60 ($0.96), with a volume of 19,551,263 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ITV shares. Numis Securities reissued a “buy” rating on shares of ITV in a research report on Thursday, March 7th. Shore Capital reissued a “buy” rating on shares of ITV in a report on Thursday, January 25th.

ITV Stock Up 0.4 %

The firm has a 50 day moving average of GBX 70.97 and a 200-day moving average of GBX 64.49. The company has a debt-to-equity ratio of 48.85, a current ratio of 1.55 and a quick ratio of 0.83. The stock has a market capitalization of £3.08 billion, a P/E ratio of 1,532.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45.

ITV Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from ITV’s previous dividend of $1.70. This represents a dividend yield of 5.41%. ITV’s payout ratio is currently 10,000.00%.

Insider Activity at ITV

In other ITV news, insider Graham Cooke purchased 16,996 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of GBX 70 ($0.88) per share, for a total transaction of £11,897.20 ($14,946.23). In related news, insider Graham Cooke acquired 16,996 shares of the stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of GBX 70 ($0.88) per share, for a total transaction of £11,897.20 ($14,946.23). Also, insider Sharmila Nebhrajani bought 11,238 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of GBX 71 ($0.89) per share, with a total value of £7,978.98 ($10,023.84). 10.74% of the stock is currently owned by corporate insiders.

About ITV

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.