ITV (LON:ITV) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

ITV plc (LON:ITV)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.93 ($1.07) and traded as high as GBX 81.60 ($1.11). ITV shares last traded at GBX 81.30 ($1.10), with a volume of 2,991,245 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on shares of ITV from GBX 110 to GBX 112 and gave the stock an “overweight” rating in a report on Friday, July 25th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 112.

ITV Trading Down 0.1%

The firm has a market cap of £3.04 billion, a P/E ratio of 1,659.18, a P/E/G ratio of -0.53 and a beta of 1.44. The business’s 50-day moving average is GBX 81.42 and its two-hundred day moving average is GBX 78.93. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83.

ITV (LON:ITV) last released its earnings results on Thursday, July 24th. The broadcaster reported GBX 1.80 earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. As a group, analysts predict that ITV plc will post 1120 earnings per share for the current fiscal year.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.