Schibsted ASA (OTCMKTS:SBBTF) Price Target Cut to 350.00

Schibsted ASA (OTCMKTS:SBBTFGet Rating) had its target price cut by Deutsche Bank Aktiengesellschaft from 400.00 to 350.00 in a research report report published on Thursday morning, The Fly reports.

A number of other equities analysts have also recently commented on the stock. Barclays dropped their price target on shares of Schibsted ASA from 485.00 to 415.00 in a research note on Wednesday, March 16th. JPMorgan Chase & Co. lifted their price target on shares of Schibsted ASA from 265.00 to 276.00 in a research note on Wednesday, March 30th. Citigroup dropped their price target on shares of Schibsted ASA from 300.00 to 285.00 and set a buy rating for the company in a research note on Wednesday, March 30th. Nordea Equity Research raised shares of Schibsted ASA from a buy rating to a strong-buy rating in a research note on Friday, January 21st. Finally, Morgan Stanley lifted their price target on shares of Schibsted ASA from 435.00 to 455.00 and gave the stock an equal weight rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Schibsted ASA presently has a consensus rating of Buy and an average price target of $373.50.

SBBTF stock opened at $20.00 on Thursday. Schibsted ASA has a 12 month low of $20.00 and a 12 month high of $51.75. The company has a 50-day moving average price of $22.10 and a 200 day moving average price of $37.53.

About Schibsted ASA (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.

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