Sharmila Nebhrajani Acquires 11,930 Shares of ITV plc (LON:ITV) Stock

ITV plc (LON:ITV) insider Sharmila Nebhrajani bought 11,930 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were acquired at an average cost of GBX 67 ($0.89) per share, for a total transaction of £7,993.10 ($10,578.48).

ITV Stock Up 2.9 %

ITV stock opened at GBX 73.40 ($0.97) on Wednesday. ITV plc has a fifty-two week low of GBX 61.29 ($0.81) and a fifty-two week high of GBX 89 ($1.18). The company’s 50 day moving average price is GBX 74.90 and its 200 day moving average price is GBX 73.67. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The firm has a market capitalization of £2.83 billion, a price-to-earnings ratio of 6.71, a PEG ratio of -0.53 and a beta of 1.44.

ITV (LON:ITV) last announced its quarterly earnings data on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.13) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. On average, equities research analysts anticipate that ITV plc will post 1120 EPS for the current fiscal year.

ITV Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 10th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 4.15%. ITV’s payout ratio is currently 45.68%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 115 ($1.52) price objective on shares of ITV in a research note on Wednesday, March 12th.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.