ITV (LON:ITV) Reaches New 52-Week High at $83.05

Shares of ITV plc (LON:ITV) reached a new 52-week high on Wednesday . The company traded as high as GBX 83.05 ($1.05) and last traded at GBX 83.05 ($1.05), with a volume of 6228241 shares. The stock had previously closed at GBX 80.45 ($1.02).

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ITV. Citigroup reaffirmed a “buy” rating and set a GBX 110 ($1.39) price target on shares of ITV in a research note on Thursday, June 6th. Numis Securities reissued a “buy” rating on shares of ITV in a report on Thursday, March 7th.

ITV Stock Up 3.2 %

The stock has a 50-day simple moving average of GBX 76.76 and a two-hundred day simple moving average of GBX 68.91. The company has a quick ratio of 0.83, a current ratio of 1.55 and a debt-to-equity ratio of 48.85. The firm has a market cap of £3.30 billion, a PE ratio of 1,609.00, a P/E/G ratio of -0.53 and a beta of 1.45.

Insider Activity

In other ITV news, insider Graham Cooke bought 16,996 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of GBX 70 ($0.89) per share, with a total value of £11,897.20 ($15,048.32). Insiders own 10.39% of the company’s stock.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.