ITV (LON:ITV) Trading Up 18.2% – What’s Next?

ITV plc (LON:ITV) shares rose 18.2% on Friday . The company traded as high as GBX 81.35 and last traded at GBX 80.05. Approximately 217,350,656 shares traded hands during trading, an increase of 1,008% from the average daily volume of 19,616,398 shares. The stock had previously closed at GBX 67.70.

Analysts Set New Price Targets

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

ITV Trading Up 14.1%

The business has a 50 day moving average of GBX 76.57 and a two-hundred day moving average of 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. The firm has a market cap of £2.88 billion, a P/E ratio of 15.77, a PEG ratio of -0.53 and a beta of 1.44.

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.