ITV (LON:ITV) Shares Down 0.1% – What’s Next?

Shares of ITV plc (LON:ITV) dropped 0.1% during trading on Wednesday . The stock traded as low as GBX 73.95 ($0.99) and last traded at GBX 74.55 ($1.00). Approximately 2,602,826 shares were traded during trading, a decline of 86% from the average daily volume of 18,564,254 shares. The stock had previously closed at GBX 74.60 ($1.00).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of ITV from GBX 110 to GBX 112 and gave the stock an “overweight” rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 112.

ITV Stock Down 8.4%

The company has a market cap of £2.55 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a fifty day moving average of GBX 79.70 and a two-hundred day moving average of GBX 79.17. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56.

ITV (LON:ITV) last posted its quarterly earnings data on Thursday, July 24th. The broadcaster reported GBX 1.80 EPS for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. As a group, analysts anticipate that ITV plc will post 1120 earnings per share for the current fiscal year.

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.