ITV (LON:ITV) Share Price Passes Above 200-Day Moving Average of $63.93

Posted by admin on Apr 18th, 2024

ITV plc (LON:ITV – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 63.93 ($0.80) and traded as high as GBX 71.25 ($0.89). ITV shares last traded at GBX 70.45 ($0.88), with a volume of 7,748,801 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ITV. Shore Capital reissued a “buy” rating on shares of ITV in a research note on Thursday, January 25th. Numis Securities restated a “buy” rating on shares of ITV in a research report on Thursday, March 7th.

Get Our Latest Research Report on ITV

ITV Stock Performance

The company has a market cap of £2.76 billion, a P/E ratio of 1,378.00, a PEG ratio of -0.53 and a beta of 1.45. The firm has a 50 day moving average of GBX 66.30 and a 200-day moving average of GBX 63.92. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 48.85.

ITV Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 11th will be paid a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 5.41%. This is a boost from ITV’s previous dividend of $1.70. ITV’s dividend payout ratio is 10,000.00%.

Insider Buying and Selling

In other news, insider Sharmila Nebhrajani acquired 11,238 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of GBX 71 ($0.88) per share, with a total value of £7,978.98 ($9,932.75). 10.72% of the stock is owned by insiders.

ITV Company Profile

(Get Free Report)

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.