Prosiebensat 1 Media (PSM) Given a €35.00 Price Target by HSBC Analysts
Prosiebensat 1 Media (ETR:PSM) has been given a €35.00 ($41.67) price objective by analysts at HSBC in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. HSBC’s target price points to a potential upside of 22.55% from the company’s previous close.
Other analysts have also issued research reports about the company. Berenberg Bank set a €42.00 ($50.00) target price on Prosiebensat 1 Media and gave the stock a “buy” rating in a report on Tuesday, September 19th. Kepler Capital Markets set a €41.00 ($48.81) target price on Prosiebensat 1 Media and gave the stock a “buy” rating in a report on Tuesday, September 12th. Citigroup set a €30.00 ($35.71) target price on Prosiebensat 1 Media and gave the stock a “neutral” rating in a report on Monday, September 18th. BNP Paribas set a €29.00 ($34.52) target price on Prosiebensat 1 Media and gave the stock a “neutral” rating in a report on Tuesday, September 12th. Finally, UBS Group set a €32.00 ($38.10) target price on Prosiebensat 1 Media and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of €32.58 ($38.79).
Prosiebensat 1 Media (ETR PSM) traded down €0.87 ($1.04) on Wednesday, reaching €28.56 ($34.00). The company had a trading volume of 1,600,000 shares, compared to its average volume of 1,710,000. Prosiebensat 1 Media has a fifty-two week low of €24.58 ($29.26) and a fifty-two week high of €41.77 ($49.73). The company has a market capitalization of $6,650.00 and a price-to-earnings ratio of 13.60.
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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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