Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $38.75 on Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.06 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) stands at 15.53.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Sinclair Broadcast Group, Inc., the PEG ratio for coming 3-5 years is 4.77.
The technical analysis highlights that Sinclair Broadcast Group, Inc. current is trading $-0.48 points away or -1.65% from its 50-day moving average of $28.90. Further it is trading $-2.24 or -7.31% away its 200-day moving average of $30.66.
The 52-week high of Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) was $35.89 while lowest point recorded in 52-week was $24.80. It implies if stock price makes a movement of over $-7.47, it will record a new 52-week high. In the case of +14.60% drop, it will touch a new 52-week low.
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