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


Media General, Inc. (NYSE:MEG) mean price target has been set at $18.330 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 $0.570 in the near-term quarter and $0.820 for the ongoing fiscal. The market cap of Media General, Inc. Common Stoc was recorded at $2.27B after the stock closed at $17.690 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 10.790. 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 $17.687, and stock is trading $-0.122 points away or -0.689% from its 50-day moving average of $17.687. Further it is trading $0.347 or +2.016% away its 200-day moving average of $17.218. 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 $-0.615 points up on the chart to it will make a 52-week high. But, if it declines +80.339%, then the shares price can hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

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