ITV (LON:ITV) Trading 13.5% Higher – Here’s What Happened

ITV plc (LON:ITV)’s stock price traded up 13.5% during mid-day trading on Friday . The company traded as high as GBX 81.35 and last traded at GBX 76.85. 229,062,578 shares were traded during trading, an increase of 1,065% from the average session volume of 19,670,371 shares. The stock had previously closed at GBX 67.70.

Analyst Ratings Changes

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

ITV Price Performance

The company has a fifty day simple moving average of GBX 76.57 and a two-hundred day simple moving average of GBX 79.07. The stock has a market capitalization of £2.88 billion, a price-to-earnings ratio of 15.75, a PEG ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56.

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.