Prosiebensat 1 Media (PSM) Given a €24.00 Price Target by Berenberg Bank Analysts
Prosiebensat 1 Media (ETR:PSM) has been given a €24.00 ($27.91) target price by analysts at Berenberg Bank in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 60.00% from the company’s previous close.
Several other research firms have also weighed in on PSM. Morgan Stanley set a €11.20 ($13.02) price target on Prosiebensat 1 Media and gave the company a “sell” rating in a research report on Friday, January 4th. DZ Bank reissued a “neutral” rating on shares of Prosiebensat 1 Media in a research report on Friday, March 8th. Nord/LB set a €15.00 ($17.44) price target on Prosiebensat 1 Media and gave the company a “neutral” rating in a research report on Monday, March 11th. UBS Group set a €16.00 ($18.60) price target on Prosiebensat 1 Media and gave the company a “neutral” rating in a research report on Wednesday, February 6th. Finally, Bank of America set a €14.00 ($16.28) price target on Prosiebensat 1 Media and gave the company a “sell” rating in a research report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of €20.66 ($24.02).
ETR:PSM opened at €15.00 ($17.44) on Tuesday. The firm has a market cap of $3.43 billion and a P/E ratio of 7.76. Prosiebensat 1 Media has a 1-year low of €13.90 ($16.16) and a 1-year high of €31.10 ($36.16). The company has a current ratio of 1.54, a quick ratio of 1.37 and a debt-to-equity ratio of 277.06.
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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