Morgan Stanley Cuts Schibsted ASA (OTCMKTS:SBBTF) Price Target to 405.00

Schibsted ASA (OTCMKTS:SBBTFGet Rating) had its price target decreased by Morgan Stanley from 435.00 to 405.00 in a research report released on Monday, The Fly reports.

Several other equities research analysts have also recently weighed in on the stock. Citigroup lowered their price objective on shares of Schibsted ASA from 300.00 to 285.00 and set a buy rating for the company in a research report on Wednesday, March 30th. JPMorgan Chase & Co. cut shares of Schibsted ASA from a neutral rating to an underweight rating in a research report on Friday, May 27th. The Goldman Sachs Group upgraded shares of Schibsted ASA from a neutral rating to a buy rating in a research report on Sunday, April 10th. Barclays lowered their price target on shares of Schibsted ASA from 390.00 to 375.00 in a research report on Thursday, May 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Schibsted ASA from 400.00 to 350.00 in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Schibsted ASA currently has a consensus rating of Moderate Buy and a consensus target price of $341.14.

Shares of SBBTF stock opened at $20.00 on Monday. Schibsted ASA has a 12-month low of $20.00 and a 12-month high of $51.75. The firm has a 50-day moving average price of $20.14 and a 200 day moving average price of $32.16.

Schibsted ASA Company Profile (Get Rating)

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, eCommerce & Distribution, and Financial Services & Ventures segments. It operates online classified operations that provide technology-based services to connect buyers and sellers and facilitate transactions from job offers to real estate, cars, travel, consumer goods, and others.

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