Shares of Prosus N.V. Sponsored ADR (OTCMKTS:PROSY – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $8.05 and last traded at $8.0550, with a volume of 38900 shares. The stock had previously closed at $8.19.
Wall Street Analysts Forecast Growth
PROSY has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating on shares of Prosus in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prosus in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group assumed coverage on Prosus in a research note on Thursday, June 4th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Prosus presently has an average rating of “Moderate Buy” and a consensus target price of $11.10.
Read Our Latest Stock Report on PROSY
Prosus Stock Performance
About Prosus
Prosus N.V. is a global consumer-internet and technology investment group headquartered in the Netherlands. The company develops, operates and invests in businesses serving consumers and merchants through digital platforms, with activities spanning food delivery, online classifieds, fintech, education technology and other internet services.
Its portfolio has included businesses such as iFood, a food-delivery platform in Latin America; OLX, an online classifieds marketplace operating across multiple international markets; and PayU, a digital payments and financial-services platform.
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