Equities researchers at Royal Bank of Canada started coverage on shares of Warner Music Group (NYSE:WMG) in a report released on Monday, Marketbeat.com reports. The firm set an “outperform” rating and a $40.00 price target on the stock. Royal Bank of Canada’s price target indicates a potential upside of 27.27% from the company’s current price.

Other analysts also recently issued reports about the company. Evercore ISI assumed coverage on Warner Music Group in a research report on Monday. They issued an “outperform” rating and a $36.00 price objective on the stock. Atlantic Securities assumed coverage on Warner Music Group in a research report on Wednesday, June 3rd. They issued a “neutral” rating and a $23.00 price objective on the stock. Guggenheim initiated coverage on Warner Music Group in a research report on Monday. They issued a “buy” rating and a $36.00 price objective on the stock. Credit Suisse Group initiated coverage on Warner Music Group in a research note on Monday. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Goldman Sachs Group initiated coverage on Warner Music Group in a research note on Monday. They issued a “neutral” rating and a $33.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.64.

Shares of NYSE:WMG opened at $31.43 on Monday. Warner Music Group has a 52-week low of $26.99 and a 52-week high of $34.76.

Warner Music Group Company Profile

There is no company description available for Warner Music Group Corp.

See Also: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Warner Music Group (NYSE:WMG)

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