Euromoney Institutional Invest Stock Rating Lowered by Canaccord Genuity (ERM)
Euromoney Institutional Invest (LON:ERM) was downgraded by equities researchers at Canaccord Genuity to a “hold” rating in a research report issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 1,320 ($21.75) target price on the stock, up from their previous target price of GBX 1,260 ($20.76). Canaccord Genuity’s target price points to a potential downside of 0.08% from the stock’s previous close.
Shares of Euromoney Institutional Invest (LON:ERM) traded up 0.08% on Thursday, hitting GBX 1321.00. The stock had a trading volume of 14,378 shares. Euromoney Institutional Invest has a 52-week low of GBX 875.50 and a 52-week high of GBX 1388.00. The stock has a 50-day moving average of GBX 1336. and a 200-day moving average of GBX 1178.. The company’s market cap is £1.670 billion.
ERM has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Euromoney Institutional Invest in a research note to investors on Thursday. They now have a GBX 1,475 ($24.30) price target on the stock. Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Euromoney Institutional Invest in a research note to investors on Thursday. They now have a GBX 1,212 ($19.97) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Euromoney Institutional Invest in a research note to investors on Thursday. They now have a GBX 1,455 ($23.97) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,191.17 ($19.63).
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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