Scripps Networks Interactive, Inc (NASDAQ:SNI) has been given a $90.00 price objective by research analysts at Royal Bank Of Canada in a research note issued to investors on Friday. The firm presently has a “hold” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 6.51% from the stock’s previous close.

Several other research firms have also weighed in on SNI. UBS AG reiterated a “neutral” rating and issued a $90.00 price objective (up previously from $83.00) on shares of Scripps Networks Interactive in a research note on Tuesday, August 1st. Argus lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $90.00 in a research note on Tuesday, August 1st. Moffett Nathanson upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $61.00 to $87.00 in a research note on Monday, July 31st. Finally, Needham & Company LLC lowered shares of Scripps Networks Interactive from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $84.21.

Scripps Networks Interactive (NASDAQ:SNI) opened at 84.50 on Friday. Scripps Networks Interactive has a 12-month low of $62.73 and a 12-month high of $88.45. The firm has a market cap of $10.97 billion, a PE ratio of 17.44 and a beta of 1.47. The stock has a 50 day moving average of $85.33 and a 200 day moving average of $77.27.

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In related news, Director Jeffrey Sagansky sold 1,159 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $87.83, for a total value of $101,794.97. Following the transaction, the director now directly owns 9,457 shares of the company’s stock, valued at approximately $830,608.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of SNI. BlackRock Inc. boosted its holdings in shares of Scripps Networks Interactive by 4,188.7% in the 1st quarter. BlackRock Inc. now owns 7,146,555 shares of the company’s stock worth $560,078,000 after buying an additional 6,979,918 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Scripps Networks Interactive by 1,107.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,084,212 shares of the company’s stock worth $142,373,000 after buying an additional 1,911,635 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Scripps Networks Interactive by 312.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock worth $88,345,000 after buying an additional 979,500 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Scripps Networks Interactive by 319.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,224,046 shares of the company’s stock worth $83,614,000 after buying an additional 931,958 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Scripps Networks Interactive by 24.6% in the 2nd quarter. FMR LLC now owns 3,371,082 shares of the company’s stock worth $230,278,000 after buying an additional 665,805 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors.

About Scripps Networks Interactive

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)

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