ITV (LON:ITV) Reaches New 52-Week High at $83.05

ITV plc (LON:ITV) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 83.05 ($1.05) and last traded at GBX 83.05 ($1.05), with a volume of 6228241 shares trading hands. The stock had previously closed at GBX 80.45 ($1.02).

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ITV. Numis Securities restated a “buy” rating on shares of ITV in a research report on Thursday, March 7th. Citigroup reissued a “buy” rating and set a GBX 110 ($1.39) target price on shares of ITV in a research note on Thursday, June 6th.

ITV Stock Up 3.2 %

The firm’s fifty day simple moving average is GBX 76.76 and its two-hundred day simple moving average is GBX 68.91. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 48.85. The company has a market capitalization of £3.30 billion, a price-to-earnings ratio of 1,609.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45.

Insider Transactions at ITV

In other news, insider Graham Cooke acquired 16,996 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of GBX 70 ($0.89) per share, with a total value of £11,897.20 ($15,048.32). Company insiders own 10.39% of the company’s stock.

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.