ITV plc (LON:ITV – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 63.93 ($0.80) and traded as high as GBX 71.25 ($0.89). ITV shares last traded at GBX 70.45 ($0.88), with a volume of 7,748,801 shares trading hands.
Wall Street Analysts Forecast Growth
ITV has been the subject of several research reports. Numis Securities reissued a “buy” rating on shares of ITV in a report on Thursday, March 7th. Shore Capital restated a “buy” rating on shares of ITV in a research note on Thursday, January 25th.
Get Our Latest Stock Analysis on ITV
ITV Price Performance
ITV Increases Dividend
The business also recently declared a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 11th will be paid a GBX 3.30 ($0.04) dividend. This is a boost from ITV’s previous dividend of $1.70. This represents a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, April 11th. ITV’s payout ratio is 10,000.00%.
Insider Activity at ITV
In related news, insider Sharmila Nebhrajani purchased 11,238 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average cost of GBX 71 ($0.88) per share, for a total transaction of £7,978.98 ($9,932.75). 10.72% of the stock is currently owned by corporate insiders.
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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