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

Shares of ITV plc (LON:ITV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 79.33 and traded as high as GBX 84.55. ITV shares last traded at GBX 82.95, with a volume of 111,612,430 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 105.

ITV Trading Down 0.1%

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 business has a 50-day simple moving average of GBX 76.51 and a 200-day simple moving average of GBX 79.36. The company has a market cap of £3.09 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

About ITV

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.