Analyst Revises Media General, Inc. (NYSE:MEG) Stock Target


Media General, Inc. (NYSE:MEG) mean price target has been set at $18.000 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.340 in the near-term quarter and $1.030 for the ongoing fiscal. The market cap of Media General, Inc. Common Stoc was recorded at $2.27B after the stock closed at $17.595 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Media General, Inc. (NYSE:MEG) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Media General, Inc. (NYSE:MEG) PEG ratio sits at 8.660. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Media General, Inc. Common Stoc visibly illustrates that the 50-day MA of Media General, Inc. Common Stoc is $17.541, and stock is trading 0.054 or +0.307% distant from $17.541. The 200-day MA is $16.872, and this price is $0.723 or +4.284% off from current level. Media General, Inc. (NYSE:MEG) 52-week high is $18.180 and the 52-week low is $9.740. This represents that if the stock moves $-0.585 points up on the chart to make a 52-week high. But, if it declines $+80.647%, then the shares price can hit a new 52-week low.

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