UBS Group set a €22.60 ($26.28) price objective on Prosiebensat 1 Media (ETR:PSM) in a research report sent to investors on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. set a €45.00 ($52.33) target price on Prosiebensat 1 Media and gave the company a buy rating in a research report on Tuesday, July 24th. Barclays set a €35.00 ($40.70) target price on Prosiebensat 1 Media and gave the company a buy rating in a research report on Friday, July 20th. Nord/LB set a €28.00 ($32.56) target price on Prosiebensat 1 Media and gave the company a buy rating in a research report on Friday, August 3rd. Deutsche Bank set a €39.00 ($45.35) price target on Prosiebensat 1 Media and gave the company a buy rating in a report on Friday, August 3rd. Finally, Societe Generale set a €38.00 ($44.19) price target on Prosiebensat 1 Media and gave the company a buy rating in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of €26.72 ($31.07).
ETR PSM traded down €0.78 ($0.91) on Thursday, reaching €16.97 ($19.73). 6,437,775 shares of the stock traded hands, compared to its average volume of 2,250,000. Prosiebensat 1 Media has a 12 month low of €24.58 ($28.58) and a 12 month high of €41.77 ($48.57).
ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. The company operates through four segments: Broadcasting German-speaking, Digital Entertainment, Digital Ventures & Commerce, and Content Production & Global Sales. The Broadcasting German-speaking segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations.
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