In a report released on November 8, Kane Hannan from Goldman Sachs maintained a Sell rating on Seven West Media Limited (WA7 – Research Report), with a price target of A$0.13. The company’s shares closed last Friday at €0.09.
Hannan covers the Technology sector, focusing on stocks such as Wisetech Global Ltd., Nextdc Limited, and Xero Limited. According to TipRanks, Hannan has an average return of 10.6% and a 68.18% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Seven West Media Limited with a €0.10 average price target, representing a 9.89% upside. In a report released on November 8, UBS also maintained a Sell rating on the stock with a A$0.14 price target.
WA7 market cap is currently €156.1M and has a P/E ratio of 5.14.
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Seven West Media Limited (WA7) Company Description:
Seven West Media operates Seven Network, a free-to-air television network spread across five capital cities, as well as in regional Queensland. It also owns most of the newspapers circulating in Western Australia (including the monopoly Perth title called West Australian Newspapers). In the Australian online space, it operates broadcast on demand, or BVOD, service called 7plus.
