ITV (LON:ITV) Share Price Passes Above 200 Day Moving Average – Here’s Why

ITV plc (LON:ITV)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 79.46 and traded as high as GBX 80.75. ITV shares last traded at GBX 80.38, with a volume of 11,472,438 shares traded.

Analyst Ratings Changes

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

ITV Price Performance

The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The company has a fifty day moving average price of GBX 80.77 and a two-hundred day moving average price of GBX 79.46. The company has a market cap of £3.00 billion, a P/E ratio of 16.42, a PEG 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.