ITV (LON:ITV) Share Price Passes Above 200-Day Moving Average of $69.69

ITV plc (LON:ITV)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 69.69 ($0.89) and traded as high as GBX 83.75 ($1.07). ITV shares last traded at GBX 82.50 ($1.06), with a volume of 10,909,838 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “buy” rating and set a GBX 110 ($1.41) price objective on shares of ITV in a research report on Thursday, June 6th.

ITV Stock Down 0.8 %

The business has a fifty day moving average of GBX 78.74 and a 200 day moving average of GBX 69.93. The company has a market capitalization of £3.30 billion, a PE ratio of 1,663.00, a PEG ratio of -0.53 and a beta of 1.45. The company has a current ratio of 1.55, a quick ratio of 0.83 and a debt-to-equity ratio of 48.85.

Insider Activity at ITV

In other news, insider Graham Cooke bought 16,996 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average cost of GBX 70 ($0.90) per share, for a total transaction of £11,897.20 ($15,239.14). 10.39% of the stock is currently owned by company insiders.

About ITV

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.