Euromoney Institutional Investor’s (ERM) Buy Rating Reiterated at Peel Hunt
Euromoney Institutional Investor (LON:ERM)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research report issued on Friday. They currently have a GBX 1,330 ($18.04) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 11.02% from the stock’s previous close.
ERM has been the subject of a number of other research reports. Citigroup reissued a “neutral” rating on shares of Euromoney Institutional Investor in a research report on Tuesday, November 21st. Numis Securities restated a “buy” rating and set a GBX 1,450 ($19.66) target price on shares of Euromoney Institutional Investor in a research note on Monday, October 23rd. Finally, Canaccord Genuity cut their target price on shares of Euromoney Institutional Investor from GBX 1,250 ($16.95) to GBX 1,200 ($16.27) and set a “hold” rating for the company in a research note on Thursday, November 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,287 ($17.45).
Shares of Euromoney Institutional Investor (LON:ERM) traded down GBX 26 ($0.35) on Friday, hitting GBX 1,198 ($16.25). 14,033 shares of the stock were exchanged, compared to its average volume of 27,259. Euromoney Institutional Investor has a 52 week low of GBX 995 ($13.49) and a 52 week high of GBX 1,310 ($17.77). The company has a market cap of $1,310.00 and a P/E ratio of 3,630.30.
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Euromoney Institutional Investor PLC is an investment holding company. The Company is a business-to-business media company, which is focused on the asset management, banking and commodities sectors. Its segments include Asset management; Pricing, data and market intelligence; Banking and finance, and Commodity events.
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