HSBC Reiterates €20.00 Price Target for Prosiebensat 1 Media (PSM)

Prosiebensat 1 Media (ETR:PSM) received a €20.00 ($23.26) price objective from analysts at HSBC in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock. HSBC’s price target would indicate a potential upside of 17.86% from the stock’s previous close.

A number of other brokerages also recently commented on PSM. Hauck & Aufhaeuser set a €32.00 ($37.21) price objective on shares of Prosiebensat 1 Media and gave the company a “buy” rating in a research report on Monday, July 30th. Kepler Capital Markets set a €33.50 ($38.95) target price on shares of Prosiebensat 1 Media and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Credit Suisse Group set a €21.00 ($24.42) target price on shares of Prosiebensat 1 Media and gave the company a “sell” rating in a research report on Thursday, August 9th. Nord/LB set a €28.00 ($32.56) target price on shares of Prosiebensat 1 Media and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Goldman Sachs Group set a €24.00 ($27.91) target price on shares of Prosiebensat 1 Media and gave the company a “neutral” rating in a research report on Friday, August 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of €26.09 ($30.34).

Shares of ETR:PSM opened at €16.97 ($19.73) on Friday. Prosiebensat 1 Media has a 52 week low of €24.58 ($28.58) and a 52 week high of €41.77 ($48.57).

About Prosiebensat 1 Media

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.

Read More: How much money do you need to begin day trading?

Analyst Recommendations for Prosiebensat 1 Media (ETR:PSM)

Receive News & Ratings for Prosiebensat 1 Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prosiebensat 1 Media and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply