Schibsted ASA (OTCMKTS:SBBTF) PT Lowered to 375.00 at Barclays

Schibsted ASA (OTCMKTS:SBBTF – Get Rating) had its price target reduced by Barclays from 390.00 to 375.00 in a research note released on Thursday, The Fly reports.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Schibsted ASA from 265.00 to 276.00 in a report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Schibsted ASA from 400.00 to 350.00 in a report on Thursday. Nordea Equity Research raised shares of Schibsted ASA from a buy rating to a strong-buy rating in a report on Friday, January 21st. Citigroup cut their price objective on shares of Schibsted ASA from 300.00 to 285.00 and set a buy rating on the stock in a report on Wednesday, March 30th. Finally, The Goldman Sachs Group raised shares of Schibsted ASA from a neutral rating to a buy rating in a report on Sunday, April 10th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $373.50.

Shares of Schibsted ASA stock opened at $20.00 on Thursday. Schibsted ASA has a 52-week low of $20.00 and a 52-week high of $51.75. The company has a 50 day moving average of $22.10 and a 200 day moving average 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.

Featured Stories