ITV (LON:ITV) Trading 15% Higher – Should You Buy?

by · The Markets Daily

ITV plc (LON:ITV – Get Free Report) shares were up 15% during trading on Saturday . The company traded as high as GBX 81.35 and last traded at GBX 77.88. Approximately 47,380,695 shares changed hands 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.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on ITV

ITV Price Performance

The company has a market cap of £2.91 billion, a P/E ratio of 15.89, a PEG ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83. The company has a fifty day simple moving average of GBX 76.50 and a 200-day simple moving average of GBX 79.09.

About ITV

(Get Free Report)

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.

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