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

Shares of ITV plc (LON:ITV) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 80.54 and traded as high as GBX 82.50. ITV shares last traded at GBX 81.75, with a volume of 5,068,801 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 90 target price on shares of ITV in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 97.50.

ITV Stock Up 0.1%

The firm has a market cap of £3.06 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of -0.53 and a beta of 0.82. The firm’s 50 day moving average price is GBX 80.97 and its two-hundred day moving average price is GBX 80.54. The company has a debt-to-equity ratio of 48.72, a current ratio of 1.23 and a quick ratio of 0.83.

Insider Buying and Selling

In other ITV news, insider Carolyn McCall sold 652,363 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total transaction of £508,843.14. Also, insider Chris Kennedy sold 396,282 shares of ITV stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £309,099.96. 0.53% of the stock is currently owned by company insiders.

About ITV

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.