ITV (LON:ITV) Share Price Passes Above 200-Day Moving Average – Time to Sell?

ITV plc (LON:ITV)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 80.50 and traded as high as GBX 84.30. ITV shares last traded at GBX 82.35, with a volume of 258,297,563 shares.

Analyst Ratings Changes

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

ITV Price Performance

The firm has a market cap of £3.07 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of -0.53 and a beta of 0.82. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 48.72. The stock has a 50 day moving average price of GBX 80.09 and a two-hundred day moving average price of GBX 80.57.

Insider Transactions at ITV

In other news, insider Chris Kennedy sold 396,282 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total transaction of £309,099.96. Also, 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. 0.53% of the stock is currently owned by insiders.

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.