Schibsted ASA (OTCMKTS:SBBTF) Given Consensus Rating of “Buy” by Brokerages

Shares of Schibsted ASA (OTCMKTS:SBBTFGet Rating) have earned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $386.20.

SBBTF has been the topic of several analyst reports. Nordea Equity Research upgraded Schibsted ASA from a “buy” rating to a “strong-buy” rating in a report on Friday, January 21st. The Goldman Sachs Group upgraded Schibsted ASA from a “neutral” rating to a “buy” rating in a report on Sunday, April 10th. JPMorgan Chase & Co. lifted their price objective on Schibsted ASA from 265.00 to 276.00 in a report on Wednesday, March 30th. Barclays dropped their price objective on Schibsted ASA from 485.00 to 415.00 in a report on Wednesday, March 16th. Finally, Citigroup dropped their price objective on Schibsted ASA from 300.00 to 285.00 and set a “buy” rating on the stock in a report on Wednesday, March 30th.

Shares of OTCMKTS:SBBTF opened at $20.00 on Friday. Schibsted ASA has a one year low of $20.00 and a one year high of $51.75. The business’s 50-day simple moving average is $22.37 and its 200 day simple moving average is $38.00.

Schibsted ASA Company Profile (Get Rating)

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Financial Services, and Growth segments. It operates online marketplaces, as well as offers online classifieds services that provide technology-based services to connect buyers and sellers; and publishes printed and online newspapers, and subscription-based newspapers.

Further Reading

Analyst Recommendations for Schibsted ASA (OTCMKTS:SBBTF)

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