ITV (LON:ITV) Share Price Crosses Above 200-Day Moving Average of $64.17

Shares of ITV plc (LON:ITV) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 64.17 ($0.81) and traded as high as GBX 70.70 ($0.89). ITV shares last traded at GBX 70.20 ($0.88), with a volume of 6,831,360 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ITV shares. Numis Securities reiterated a “buy” rating on shares of ITV in a report on Thursday, March 7th. Shore Capital reissued a “buy” rating on shares of ITV in a research report on Thursday, January 25th.

ITV Trading Up 0.3 %

The company has a fifty day simple moving average of GBX 69.01 and a two-hundred day simple moving average of GBX 64.17. The company has a market capitalization of £2.82 billion, a P/E ratio of 1,404.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.45. The company has a debt-to-equity ratio of 48.85, a current ratio of 1.55 and a quick ratio of 0.83.

ITV Increases Dividend

The business 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. This represents a dividend yield of 5.41%. This is an increase from ITV’s previous dividend of $1.70. The ex-dividend date is Thursday, April 11th. ITV’s dividend payout ratio (DPR) is presently 10,000.00%.

Insiders Place Their Bets

In other news, insider Sharmila Nebhrajani purchased 11,238 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of GBX 71 ($0.89) per share, with a total value of £7,978.98 ($10,022.59). Company insiders own 10.72% 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.