Schibsted ASA (OTCMKTS:SBBTF) Given New 270.00 Price Target at UBS Group

Schibsted ASA (OTCMKTS:SBBTF – Get Rating) had its price objective reduced by UBS Group from 307.00 to 270.00 in a note issued to investors on Tuesday, The Fly reports.

SBBTF has been the topic of several other research reports. JPMorgan Chase & Co. cut Schibsted ASA from a “neutral” rating to an “underweight” rating in a research note on Friday, May 27th. The Goldman Sachs Group upgraded Schibsted ASA from a “neutral” rating to a “buy” rating in a research report on Sunday, April 10th. Morgan Stanley dropped their price target on Schibsted ASA from 435.00 to 405.00 in a research report on Monday. Citigroup dropped their price target on Schibsted ASA from 300.00 to 285.00 and set a “buy” rating on the stock in a research report on Wednesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Schibsted ASA from 400.00 to 350.00 in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $341.14.

OTCMKTS SBBTF remained flat at $$20.00 on Tuesday. The company’s stock had a trading volume of 40 shares, compared to its average volume of 1,333. The company has a fifty day moving average price of $20.20 and a 200-day moving average price of $32.47. Schibsted ASA has a 12-month low of $20.00 and a 12-month high of $51.75.

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, eCommerce & Distribution, and Financial Services & Ventures segments. It operates online classified operations that provide technology-based services to connect buyers and sellers and facilitate transactions from job offers to real estate, cars, travel, consumer goods, and others.

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