Euromoney Institutional Invest Stock Rating Reaffirmed by HSBC (ERM)
Euromoney Institutional Invest (LON:ERM)‘s stock had its “underweight” rating restated by HSBC in a research note issued on Wednesday, ARN reports. They currently have a GBX 865 ($14.20) price target on the stock. HSBC’s price target suggests a potential downside of 35.54% from the stock’s previous close.
Euromoney Institutional Invest (LON:ERM) opened at 1383.00 on Wednesday. Euromoney Institutional Invest has a 52 week low of GBX 875.50 and a 52 week high of GBX 1388.00. The stock’s 50-day moving average is GBX 1320. and its 200-day moving average is GBX 1165.. The company’s market cap is £1.748 billion.
A number of other firms have also recently commented on ERM. Analysts at Westhouse Securities reiterated a “sell” rating on shares of Euromoney Institutional Invest in a research note to investors on Wednesday. They now have a GBX 1,118 ($18.35) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Euromoney Institutional Invest from GBX 1,284 ($21.08) to GBX 1,485 ($24.38) in a research note to investors on Monday, January 13th. They now have an “add” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,136.15 ($18.65).
Euromoney Institutional Investor PLC is a United Kingdom-based company. It is a international business-to-business media group focused primarily on the international finance, metals and commodities sectors.
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