Prosus (OTCMKTS:PROSY – Get Rating) reached a new 52-week low on Thursday . The stock traded as low as $8.93 and last traded at $9.13, with a volume of 1318860 shares trading hands. The stock had previously closed at $9.20.
Several equities analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Prosus from €122.00 ($131.18) to €110.00 ($118.28) in a research note on Thursday, March 24th. Barclays dropped their price objective on Prosus from €115.90 ($124.62) to €76.00 ($81.72) and set an “overweight” rating for the company in a research note on Monday, March 28th. The Goldman Sachs Group assumed coverage on Prosus in a research note on Thursday, January 20th. They issued a “buy” rating for the company. JPMorgan Chase & Co. dropped their price objective on Prosus from €47.00 ($50.54) to €45.40 ($48.82) and set a “neutral” rating for the company in a research note on Friday, March 25th. Finally, Credit Suisse Group dropped their price objective on Prosus from €137.00 ($147.31) to €128.00 ($137.63) in a research note on Tuesday, March 22nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.08.
The stock has a 50-day moving average price of $11.11 and a 200 day moving average price of $14.74.
Prosus N.V. engages in the e-commerce and internet businesses. It operates internet platforms, such as classifieds, payments and fintech, food delivery, travel, education, etail, health, social, and other internet platforms. It has operations in the Americas, the Middle East, Africa, Central and Eastern Europe, and Asia.
- Get a free copy of the StockNews.com research report on Prosus (PROSY)
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