Prosus (OTCMKTS:PROSY) Receives Average Rating of “Buy” from Analysts

Shares of Prosus (OTCMKTS:PROSY – Get Rating) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $89.85.

PROSY has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Prosus from €47.00 ($51.09) to €45.40 ($49.35) and set a “neutral” rating for the company in a report on Friday, March 25th. Barclays decreased their price objective on shares of Prosus from €115.90 ($125.98) to €76.00 ($82.61) and set an “overweight” rating for the company in a report on Monday, March 28th. The Goldman Sachs Group initiated coverage on shares of Prosus in a report on Thursday, January 20th. They set a “buy” rating for the company. Morgan Stanley decreased their price objective on shares of Prosus from €122.00 ($132.61) to €110.00 ($119.57) in a report on Thursday, March 24th. Finally, Investec cut shares of Prosus from a “buy” rating to a “hold” rating in a report on Friday, February 11th.

Shares of OTCMKTS PROSY opened at $10.22 on Monday. The firm has a 50 day moving average price of $12.13 and a 200 day moving average price of $15.10. Prosus has a 52-week low of $9.06 and a 52-week high of $23.17.

About Prosus (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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