Scripps Networks Interactive, Inc (NASDAQ:SNI)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a $90.00 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 4.96% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on SNI. Moffett Nathanson restated a “sell” rating on shares of Scripps Networks Interactive in a report on Friday, June 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $83.00 price target on shares of Scripps Networks Interactive in a research report on Monday, July 10th. Zacks Investment Research cut shares of Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Wells Fargo & Company began coverage on shares of Scripps Networks Interactive in a research report on Thursday, July 20th. They set a “market perform” rating and a $82.00 price target on the stock. Finally, MKM Partners reaffirmed a “neutral” rating and set a $73.00 price target (down from $84.00) on shares of Scripps Networks Interactive in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Scripps Networks Interactive currently has an average rating of “Hold” and a consensus target price of $84.20.

Shares of Scripps Networks Interactive (NASDAQ SNI) traded down 0.07% during trading on Wednesday, hitting $85.75. 593,410 shares of the stock traded hands. The firm has a market cap of $11.13 billion, a PE ratio of 17.70 and a beta of 1.47. The company’s 50 day moving average is $86.14 and its 200 day moving average is $76.15. Scripps Networks Interactive has a 52-week low of $59.32 and a 52-week high of $88.45.

COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Reiterates Hold Rating for Scripps Networks Interactive, Inc (SNI)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/20/royal-bank-of-canada-reiterates-hold-rating-for-scripps-networks-interactive-inc-sni.html.

In other news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total transaction of $101,794.97. Following the transaction, the director now directly owns 9,457 shares of the company’s stock, valued at $830,608.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in Scripps Networks Interactive by 93.9% in the first quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $3,207,000 after acquiring an additional 19,812 shares in the last quarter. Soros Fund Management LLC acquired a new stake in Scripps Networks Interactive in the first quarter valued at $4,945,000. LMR Partners LLP acquired a new stake in Scripps Networks Interactive in the second quarter valued at $1,380,000. BlackRock Inc. raised its holdings in Scripps Networks Interactive by 4,188.7% in the first quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock valued at $560,078,000 after acquiring an additional 6,979,918 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in Scripps Networks Interactive by 21.2% in the first quarter. State of Wisconsin Investment Board now owns 54,509 shares of the company’s stock valued at $4,272,000 after acquiring an additional 9,529 shares in the last quarter. 75.85% of the stock is currently owned by hedge funds and other institutional investors.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.

Analyst Recommendations for Scripps Networks Interactive (NASDAQ:SNI)

Receive News & Ratings for Scripps Networks Interactive Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scripps Networks Interactive Inc and related companies with MarketBeat.com's FREE daily email newsletter.