STV Group (LON:STVG) Share Price Crosses Above 50-Day Moving Average of $365.60

STV Group Plc. (LON:STVG)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $365.60 and traded as high as $383.35. STV Group shares last traded at $377.50, with a volume of 1,610 shares trading hands.

A number of brokerages recently commented on STVG. Peel Hunt reaffirmed a “buy” rating on shares of STV Group in a research report on Monday, September 2nd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 480 ($6.27) target price on shares of STV Group in a research report on Wednesday, June 26th. Finally, Shore Capital reaffirmed a “buy” rating on shares of STV Group in a research report on Tuesday, September 3rd.

The firm has a market cap of $147.95 million and a price-to-earnings ratio of 11.20. The business has a 50 day simple moving average of GBX 365.60 and a 200-day simple moving average of GBX 367.46.

The business also recently declared a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 6.30 ($0.08) per share. The ex-dividend date is Thursday, September 26th. This represents a yield of 1.81%. STV Group’s dividend payout ratio (DPR) is currently 0.59%.

About STV Group (LON:STVG)

STV Group plc, together with its subsidiaries, produces and broadcasts television programs in the United Kingdom. The company operates in Broadcast, Digital, Productions, and External Lottery Management segments. It provides news, sports, entertainment, weather, competitions, video on demand, and STV programs.

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