ITV (LON:ITV) Stock Price Up 16% – Should You Buy?

ITV plc (LON:ITV) shares were up 16% on Friday . The stock traded as high as GBX 81.35 and last traded at GBX 78.50. Approximately 234,321,422 shares changed hands during mid-day trading, an increase of 1,090% from the average daily volume of 19,694,604 shares. The stock had previously closed at GBX 67.70.

Analyst Ratings Changes

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

ITV Stock Up 15.0%

The firm’s 50 day simple moving average is GBX 76.57 and its 200-day simple moving average is GBX 79.07. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The stock has a market capitalization of £2.91 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

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.