Citigroup Inc. Reiterates “Buy” Rating for Blinkx (BLNX)
Blinkx (LON:BLNX)‘s stock had its “buy” rating restated by analysts at Citigroup Inc. in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. They currently have a GBX 245 ($4.11) target price on the stock. Citigroup Inc.’s price target would suggest a potential upside of 105.88% from the company’s current price.
A number of other analysts have also recently weighed in on BLNX. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Blinkx in a research note on Friday, January 31st. They now have a GBX 255 ($4.27) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Blinkx in a research note on Tuesday, January 14th. They now have a GBX 340 ($5.70) price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Blinkx to a “hold” rating in a research note on Tuesday, January 14th. They now have a GBX 190 ($3.18) price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 236 ($3.96).
Blinkx (LON:BLNX) opened at 118.50 on Monday. Blinkx has a 52-week low of GBX 76.00 and a 52-week high of GBX 234.75. The stock’s 50-day moving average is GBX 171.5 and its 200-day moving average is GBX 166.8.
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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