UBS Reiterates “€26.00” Price Target for ProSiebenSat.1 Media (PSM)
ProSiebenSat.1 Media (ETR:PSM) has been assigned a €26.00 ($30.95) price objective by investment analysts at UBS in a report issued on Thursday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the stock. UBS’s price target suggests a potential downside of 8.52% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. Morgan Stanley set a €42.00 ($50.00) price target on ProSiebenSat.1 Media and gave the stock a “buy” rating in a report on Thursday, August 10th. Hauck & Aufhaeuser set a €45.00 ($53.57) price target on ProSiebenSat.1 Media and gave the stock a “buy” rating in a report on Thursday, August 10th. DZ Bank reiterated 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) price target on ProSiebenSat.1 Media and gave the stock a “neutral” rating in a report on Wednesday, August 16th. Finally, Nord/LB set a €42.00 ($50.00) price target on ProSiebenSat.1 Media and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Four equities 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 currently has an average rating of “Hold” and an average price target of €32.39 ($38.56).
Shares of ProSiebenSat.1 Media (PSM) traded up €0.68 ($0.81) during trading hours on Thursday, hitting €28.42 ($33.83). The stock had a trading volume of 1,781,015 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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