Citigroup Inc. Reiterates “Buy” Rating for Blinkx (BLNX)
Blinkx (LON:BLNX)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 245 ($4.04) price target on the stock. Citigroup Inc.’s price target indicates a potential upside of 39.60% from the stock’s previous close.
Blinkx (LON:BLNX) traded down 3.04% on Monday, hitting GBX 175.5046. The stock had a trading volume of 4,354,874 shares. Blinkx has a 52 week low of GBX 57.75 and a 52 week high of GBX 234.75. The stock’s 50-day moving average is GBX 197.7 and its 200-day moving average is GBX 167..
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Blinkx in a research note to investors on Tuesday, January 14th. They now have a GBX 340 ($5.60) price target on the stock. Separately, analysts at Jefferies Group downgraded shares of Blinkx to a “hold” rating in a research note to investors on Tuesday, January 14th. They now have a GBX 190 ($3.13) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Blinkx in a research note to investors on Monday, January 13th. They now have a GBX 255 ($4.20) price target on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 236 ($3.89).
Blinkx Plc is a holding company. The principal activity of the Company, along with its subsidiaries, consists of the provision of video search and advertising services on the Internet.
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