ITV (LON:ITV) Insider Sells £309,099.96 in Stock

ITV plc (LON:ITV) insider Chris Kennedy sold 396,282 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total transaction of £309,099.96.

ITV Trading Down 4.2%

Shares of LON:ITV traded down GBX 3.35 during midday trading on Friday, hitting GBX 77.05. 1,391,183,000 shares of the stock traded hands, compared to its average volume of 59,298,168. The stock has a market capitalization of £2.88 billion, a PE ratio of 13.28, a P/E/G ratio of -0.53 and a beta of 0.82. The business’s 50 day moving average is GBX 79.44 and its two-hundred day moving average is GBX 79.59. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 48.72. ITV plc has a one year low of GBX 65.70 and a one year high of GBX 88.90.

ITV (LON:ITV) last issued its quarterly earnings data on Thursday, March 5th. The broadcaster reported GBX 8.50 EPS for the quarter. ITV had a net margin of 7.28% and a return on equity of 11.42%. As a group, research analysts forecast that ITV plc will post 1120 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 90 price target on shares of ITV in a research report on Friday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 97.50.

About ITV

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.