Prosiebensat 1 Media SE (ETR:PSM) Earns “Neutral” Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reissued their neutral rating on shares of Prosiebensat 1 Media SE (ETR:PSM) in a report released on Wednesday, August 30th. They currently have a target price on the stock.

Several other research firms have also recently commented on PSM. Warburg Research set a €44.00 ($52.38) price objective on Prosiebensat 1 Media SE and gave the company a buy rating in a research report on Saturday, May 20th. Commerzbank Ag set a €53.00 ($63.10) price objective on Prosiebensat 1 Media SE and gave the company a buy rating in a research report on Saturday, May 20th. Macquarie set a €26.50 ($31.55) price objective on Prosiebensat 1 Media SE and gave the company a sell rating in a research report on Wednesday, August 30th. Berenberg Bank set a €44.00 ($52.38) price objective on Prosiebensat 1 Media SE and gave the company a buy rating in a research report on Friday, June 23rd. Finally, Societe Generale set a €40.00 ($47.62) target price on Prosiebensat 1 Media SE and gave the company a buy rating in a report on Tuesday, August 29th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Prosiebensat 1 Media SE has an average rating of Hold and a consensus target price of €35.27 ($41.99).

Shares of Prosiebensat 1 Media SE (ETR PSM) traded down 0.054% on Wednesday, reaching €27.925. 16,097 shares of the company were exchanged. The company’s 50-day moving average price is €31.64 and its 200 day moving average price is €36.50. Prosiebensat 1 Media SE has a 12 month low of €27.32 and a 12 month high of €41.89. The company has a market cap of €6.39 billion and a price-to-earnings ratio of 14.901.

TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://ledgergazette.com/2017/09/17/j-p-morgan-chase-co-reaffirms-neutral-rating-for-prosiebensat-1-media-se-psm.html.

Prosiebensat 1 Media SE Company Profile

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.

Analyst Recommendations for Prosiebensat 1 Media SE (ETR:PSM)

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

Leave a Reply