Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Receives $11.10 Consensus Price Target from Analysts

Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.10.

PROSY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group started coverage on shares of Prosus in a research report on Thursday, June 4th. They issued a “neutral” rating for the company.

Prosus Trading Up 1.2%

Shares of Prosus stock opened at $8.26 on Friday. Prosus has a 52-week low of $8.08 and a 52-week high of $14.70. The company has a 50 day moving average of $8.86 and a 200 day moving average of $9.22.

About Prosus

Prosus N.V. is a global consumer internet and technology group headquartered in Amsterdam, the Netherlands. The company develops, operates and invests in technology businesses serving consumers and businesses through digital platforms, with activities spanning online classifieds, food delivery, payments and fintech, education technology, travel and other internet services.

Prosus’s portfolio has included businesses such as OLX, an online classifieds platform, and iFood, a food-delivery service operating in Latin America.