Prosus (OTCMKTS:PROSY) Downgraded to “Equal Weight” at Barclays

Barclays cut shares of Prosus (OTCMKTS:PROSYGet Rating) from an overweight rating to an equal weight rating in a report published on Tuesday, The Fly reports.

Several other equities analysts have also weighed in on the company. UBS Group reduced their price objective on Prosus from €97.00 ($103.19) to €76.00 ($80.85) in a research note on Wednesday, April 20th. Morgan Stanley reduced their price objective on Prosus from €122.00 ($129.79) to €110.00 ($117.02) in a research note on Thursday, March 24th. Investec lowered Prosus from a buy rating to a hold rating in a research note on Friday, February 11th. JPMorgan Chase & Co. reduced their price objective on Prosus from €73.40 ($78.09) to €69.40 ($73.83) in a research note on Friday, May 20th. Finally, Credit Suisse Group reduced their price objective on Prosus from €137.00 ($145.74) to €128.00 ($136.17) in a research note on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of $91.57.

OTCMKTS PROSY opened at $9.71 on Tuesday. Prosus has a 1-year low of $8.44 and a 1-year high of $21.33. The business’s 50-day simple moving average is $10.04 and its 200-day simple moving average is $13.56.

Prosus Company Profile (Get Rating)

Prosus N.V. engages in the e-commerce and internet businesses. It operates internet platforms, such as classifieds, payments and fintech, food delivery, travel, education, etail, health, social, and other internet platforms. It has operations in the Americas, the Middle East, Africa, Central and Eastern Europe, and Asia.

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Analyst Recommendations for Prosus (OTCMKTS:PROSY)

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