Insider Selling: ITV (LON:ITV) Insider Sells 652,363 Shares of Stock

ITV plc (LON:ITV) insider Carolyn McCall sold 652,363 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £508,843.14.

ITV Stock Down 4.2%

ITV stock traded down GBX 3.35 during mid-day trading on Friday, hitting GBX 77.05. The stock had a trading volume of 1,391,183,000 shares, compared to its average volume of 59,298,168. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. ITV plc has a 1-year low of GBX 65.70 and a 1-year high of GBX 88.90. The company has a fifty day moving average of GBX 79.44 and a 200 day moving average of GBX 79.59. The stock has a market capitalization of £2.88 billion, a price-to-earnings ratio of 13.28, a PEG ratio of -0.53 and a beta of 0.82.

ITV (LON:ITV) last issued its earnings results on Thursday, March 5th. The broadcaster reported GBX 8.50 earnings per share for the quarter. ITV had a return on equity of 11.42% and a net margin of 7.28%. On average, equities analysts expect that ITV plc will post 1120 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 90 price target on shares of ITV in a research note on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 97.50.

ITV Company Profile

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.