ProSiebenSat.1 Media (PSM) Given a €36.50 Price Target at Morgan Stanley
ProSiebenSat.1 Media (ETR:PSM) has been given a €36.50 ($43.45) price objective by analysts at Morgan Stanley in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 28.43% from the stock’s previous close.
PSM has been the subject of several other reports. UBS set a €32.00 ($38.10) price target on shares of ProSiebenSat.1 Media and gave the stock a “neutral” rating in a research note on Monday, October 2nd. Goldman Sachs Group set a €34.10 ($40.60) price target on shares of ProSiebenSat.1 Media and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. DZ Bank reissued a “neutral” rating on shares of ProSiebenSat.1 Media in a research note on Tuesday, August 29th. Commerzbank set a €33.00 ($39.29) target price on shares of ProSiebenSat.1 Media and gave the company a “neutral” rating in a research note on Tuesday, August 29th. Finally, Macquarie set a €26.50 ($31.55) target price on shares of ProSiebenSat.1 Media and gave the company a “sell” rating in a research note on Wednesday, August 30th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of €32.39 ($38.56).
Shares of ProSiebenSat.1 Media (ETR:PSM) traded up €0.68 ($0.81) on Thursday, hitting €28.42 ($33.83). 1,781,015 shares of the stock traded hands, 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).
About ProSiebenSat.1 Media
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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