ITV (LON:ITV) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of ITV plc (LON:ITV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 79.56 and traded as high as GBX 80.05. ITV shares last traded at GBX 80, with a volume of 204,555,625 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on ITV from GBX 112 to GBX 105 and set an “overweight” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 105.

ITV Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00. The stock’s fifty day moving average is GBX 81.47 and its two-hundred day moving average is GBX 79.56. The firm has a market capitalization of £2.99 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of -0.53 and a beta of 1.44.

ITV Company Profile

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. It is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.