MoffettNathanson announced Scripps Networks Interactive (NASDAQ:SNI), lowering its target price to $52.00 earlier today
- Updated: September 26, 2016
Having a price of $62.10, Scripps Networks Interactive (NASDAQ:SNI) traded 0.75% higher on the day. With the last close down -3.04% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $62.86 and a 200-day moving average of $64.04. 770,531 shares of the stock traded hands, down from an average trading volume of 993,750
Stating a potential downside of -0.16%, MoffettNathanson dropped the price target of Scripps Networks Interactive (NASDAQ:SNI) to $52.00
On 4/12/2016, Moffett Nathanson released a statement on Scripps Networks Interactive (NASDAQ:SNI) upped the target price from $0.00 to $67.00 that suggested an upside of 0.04%.
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Scripps Networks Interactive has a 52 week low of $47.62 and a 52 week high of $68.44 with a P/E ratio of 10.54 The company’s market cap is currently $0.
In addition to MoffettNathanson reporting its stock price target, a total of 18 brokers have issued a research note on the company. The average stock price target is $67.94 with 1 broker rating the stock a strong buy, 5 brokers rating the stock a buy, 15 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Scripps Networks Interactive (NASDAQ:SNI)
Scripps Networks Interactive, Inc. is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company's segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. In addition, U.S. Networks segment includes Websites associated with television brands and other Internet and mobile businesses serving home, food, travel and other lifestyle-related categories. Its International Networks segment includes the lifestyle-oriented networks available in the United Kingdom, other European markets, the Middle East and Africa, Asia Pacific and Latin America. In addition, International Networks segment includes TVN S.A., which operates a portfolio of free-to-air and pay-TV lifestyle and entertainment networks.
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