Stagwell (NASDAQ:STGW – Get Rating)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a note issued to investors on Friday, Benzinga reports. They currently have a $9.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 12.71% from the company’s current price.
STGW has been the subject of several other reports. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Stagwell in a research report on Tuesday, February 28th. B. Riley started coverage on shares of Stagwell in a research report on Tuesday, November 15th. They issued a “buy” rating and a $13.00 price target for the company. Stephens started coverage on shares of Stagwell in a research report on Monday, November 14th. They issued an “overweight” rating and a $10.00 price target for the company. Finally, Rosenblatt Securities started coverage on shares of Stagwell in a research report on Wednesday. They issued a “buy” rating and a $10.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Stagwell has a consensus rating of “Buy” and an average target price of $11.00.
Stagwell Price Performance
STGW stock opened at $7.99 on Friday. The company has a 50 day simple moving average of $6.83 and a 200 day simple moving average of $7.05. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 38.02 and a beta of 1.02. Stagwell has a 1 year low of $4.80 and a 1 year high of $8.33. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86.
Institutional Investors Weigh In On Stagwell
Stagwell, Inc operates as media and public relations agency. It delivers brands that connect culture-moving creativity with technology to harmonize the art and science of marketing. It operates through the following segments: Integrated Agencies Network, Media Network, Communications Network, All Other, and Corporate.
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