Prosiebensat 1 Media (ETR:PSM) received a €16.50 ($19.19) target price from investment analysts at HSBC in a report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. HSBC’s price target would indicate a potential upside of 21.77% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Macquarie set a €18.00 ($20.93) price objective on Prosiebensat 1 Media and gave the company a “buy” rating in a research note on Tuesday, June 25th. Warburg Research set a €13.00 ($15.12) price objective on Prosiebensat 1 Media and gave the company a “neutral” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. set a €30.00 ($34.88) price objective on Prosiebensat 1 Media and gave the company a “buy” rating in a research note on Friday, October 11th. Bank of America set a €16.00 ($18.60) target price on shares of Prosiebensat 1 Media and gave the stock a “neutral” rating in a report on Monday, July 8th. Finally, Nord/LB set a €12.50 ($14.53) target price on shares of Prosiebensat 1 Media and gave the stock a “neutral” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €17.90 ($20.81).
Shares of ETR:PSM opened at €13.55 ($15.76) on Tuesday. The stock’s 50-day moving average price is €12.80 and its 200-day moving average price is €13.41. Prosiebensat 1 Media has a 12-month low of €10.66 ($12.40) and a 12-month high of €21.41 ($24.90). The stock has a market capitalization of $3.06 billion and a P/E ratio of 10.21. The company has a current ratio of 1.20, a quick ratio of 1.01 and a debt-to-equity ratio of 311.48.
About Prosiebensat 1 Media
ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. The company operates through three segments: Entertainment, Content Production & Global Sales, and Commerce. The Entertainment 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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