ITV (LON:ITV) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

ITV plc (LON:ITV) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 79.04 and traded as high as GBX 81. ITV shares last traded at GBX 79.33, with a volume of 9,698,450 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price target on shares of ITV from GBX 112 to GBX 105 and set an “overweight” rating on the stock in a report on Friday, November 7th. 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 105.

ITV Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00. The stock has a market capitalization of £3.08 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of -0.53 and a beta of 1.44. The business’s 50 day simple moving average is GBX 75.89 and its 200-day simple moving average is GBX 79.08.

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.