Prosiebensat 1 Media (ETR:PSM) has been assigned a €10.00 ($11.63) price objective by equities researchers at Berenberg Bank in a research report issued on Wednesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s target price points to a potential upside of 47.84% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on PSM. Goldman Sachs Group set a €11.60 ($13.49) price target on shares of Prosiebensat 1 Media and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Warburg Research set a €16.00 ($18.60) price target on shares of Prosiebensat 1 Media and gave the stock a “buy” rating in a research note on Thursday, March 5th. Deutsche Bank reaffirmed a “neutral” rating on shares of Prosiebensat 1 Media in a research note on Monday, January 13th. DZ Bank reaffirmed a “buy” rating on shares of Prosiebensat 1 Media in a research note on Thursday, March 5th. Finally, JPMorgan Chase & Co. set a €12.87 ($14.97) price target on shares of Prosiebensat 1 Media and gave the stock a “buy” rating in a research note on Friday, March 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of €13.01 ($15.13).
Prosiebensat 1 Media stock opened at €6.76 ($7.87) on Wednesday. Prosiebensat 1 Media has a 12-month low of €7.20 ($8.37) and a 12-month high of €15.95 ($18.54). The stock has a market capitalization of $1.53 billion and a P/E ratio of 3.75. The firm’s 50-day moving average is €10.11 and its two-hundred day moving average is €12.48. The company has a debt-to-equity ratio of 261.34, a current ratio of 1.33 and a quick ratio of 1.14.
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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