ITV (LON:ITV) Stock Price Up 15% – Should You Buy?

ITV plc (LON:ITV) was up 15% during trading on Friday . The stock traded as high as GBX 81.35 and last traded at GBX 77.88. Approximately 47,380,695 shares were traded during mid-day trading, an increase of 152% from the average daily volume of 18,833,127 shares. The stock had previously closed at GBX 67.70.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price target on ITV from GBX 112 to GBX 105 and set an “overweight” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 105.

ITV Stock Performance

The firm’s 50-day simple moving average is GBX 76.50 and its 200-day simple moving average is GBX 79.08. The company has a market capitalization of £2.91 billion, a PE ratio of 15.89, a PEG ratio of -0.53 and a beta of 1.44. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00.

About ITV

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.