ITV (LON:ITV) Stock Price Up 13.5% – Here’s Why

ITV plc (LON:ITV) traded up 13.5% during trading on Friday . The company traded as high as GBX 81.35 and last traded at GBX 76.85. 229,062,578 shares traded hands during trading, an increase of 1,065% from the average session volume of 19,670,371 shares. The stock had previously closed at GBX 67.70.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on shares of ITV from GBX 110 to GBX 112 and gave the stock an “overweight” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 112.

ITV Stock Up 14.0%

The company has a market capitalization of £2.88 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The firm’s 50 day moving average price is GBX 76.57 and its two-hundred day moving average price is GBX 79.07. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00.

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.