ProSiebenSat.1 Media (PSM) Given a €34.00 Price Target by Commerzbank Analysts
ProSiebenSat.1 Media (ETR:PSM) has been assigned a €34.00 ($40.48) price target by equities research analysts at Commerzbank in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Commerzbank’s price objective indicates a potential upside of 18.92% from the stock’s current price.
A number of other analysts have also issued reports on PSM. Morgan Stanley set a €42.00 ($50.00) target price on ProSiebenSat.1 Media and gave the company a “buy” rating in a report on Thursday, August 10th. Hauck & Aufhaeuser set a €45.00 ($53.57) target price on ProSiebenSat.1 Media and gave the company a “buy” rating in a report on Thursday, August 10th. DZ Bank restated a “neutral” rating on shares of ProSiebenSat.1 Media in a report on Tuesday, August 15th. J P Morgan Chase & Co set a €40.00 ($47.62) target price on ProSiebenSat.1 Media and gave the company a “neutral” rating in a report on Wednesday, August 16th. Finally, Nord/LB set a €42.00 ($50.00) target price on ProSiebenSat.1 Media and gave the company a “buy” rating in a report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €32.39 ($38.56).
ProSiebenSat.1 Media (ETR:PSM) traded up €0.85 ($1.01) on Thursday, hitting €28.59 ($34.04). The stock had a trading volume of 2,910,712 shares, compared to its average volume of 2,470,000. ProSiebenSat.1 Media has a one year low of €24.58 ($29.26) and a one year high of €41.77 ($49.73).
ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. The company operates through Broadcasting German-speaking, Digital Entertainment, Digital Ventures & Commerce, and Content Production & Global Sales segments. The Broadcasting German-speaking segment operates 9 free TV stations, and 13 advertising or program windows in Germany, Austria, and Switzerland.
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