ITV (LON:ITV) Trading Up 15% – Time to Buy?

ITV plc (LON:ITV)’s stock price rose 15% during trading on Friday . The company traded as high as GBX 81.35 and last traded at GBX 77.85. Approximately 224,549,328 shares changed hands during mid-day trading, an increase of 1,043% from the average daily volume of 19,649,572 shares. The stock had previously closed at GBX 67.70.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on shares of ITV from GBX 110 to GBX 112 and gave the company an “overweight” rating in a report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 112.

ITV Stock Performance

The firm has a 50 day moving average of GBX 76.57 and a two-hundred day moving average of GBX 79.07. The stock has a market cap of £2.88 billion, a PE ratio of 15.74, 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.

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.