Berenberg Bank Reiterates €38.00 Price Target for Prosiebensat 1 Media (PSM)

Prosiebensat 1 Media (ETR:PSM) received a €38.00 ($44.19) price target from research analysts at Berenberg Bank in a note issued to investors on Tuesday, October 30th. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 115.66% from the stock’s current price.

PSM has been the topic of a number of other research reports. Hauck & Aufhaeuser set a €32.00 ($37.21) price objective on shares of Prosiebensat 1 Media and gave the stock a “buy” rating in a report on Friday, August 31st. UBS Group set a €22.60 ($26.28) price target on shares of Prosiebensat 1 Media and gave the company a “neutral” rating in a report on Wednesday, September 19th. Morgan Stanley set a €17.60 ($20.47) price target on shares of Prosiebensat 1 Media and gave the company a “sell” rating in a report on Monday, October 22nd. HSBC set a €30.00 ($34.88) price target on shares of Prosiebensat 1 Media and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, JPMorgan Chase & Co. set a €45.00 ($52.33) price target on shares of Prosiebensat 1 Media and gave the company a “buy” rating in a report on Monday, September 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Prosiebensat 1 Media presently has an average rating of “Hold” and a consensus target price of €24.14 ($28.07).

Shares of PSM traded down €0.18 ($0.21) on Tuesday, reaching €17.62 ($20.49). The company’s stock had a trading volume of 922,466 shares, compared to its average volume of 2,250,000. Prosiebensat 1 Media has a 12-month low of €24.58 ($28.58) and a 12-month 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.

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Analyst Recommendations for Prosiebensat 1 Media (ETR:PSM)

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