Analyst Rating Update on Scripps Networks Interactive Inc (SNI)

Scripps Networks Interactive Inc (NYSE:SNI) : Zacks Investment Research ranks Scripps Networks Interactive Inc (NYSE:SNI) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.5, which indicates as a Buy.

Scripps Networks Interactive Inc (NYSE:SNI) : Currently there are 9 street experts covering Scripps Networks Interactive Inc (NYSE:SNI) stock. The most bullish and bearish price target for the stock is $90 and $57 respectively for the short term. The average price target of all the analysts comes to $69. The estimated standard deviation from the target is $9.33.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Citigroup downgrades its ratings on Scripps Networks Interactive Inc (NYSE:SNI). In the latest research report, Citigroup lowers the target price from $69 per share to $62 per share. According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 18, 2016.

Scripps Networks Interactive Inc (NYSE:SNI): stock turned positive on Tuesday. Though the stock opened at $59.73, the bulls momentum made the stock top out at $60.8 level for the day. The stock recorded a low of $59.0901 and closed the trading day at $60.16, in the green by 1.26%. The total traded volume for the day was 1,150,980. The stock had closed at $59.41 in the previous days trading.

In an insider trading activity, Hale Mark S, officer (EVP, Global Operations & CTO) of Scripps Networks Interactive, Inc., unloaded 8,118 shares at an average price of $64.65 on May 13, 2016. The total amount of the transaction was worth $524,829, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Scripps Networks Interactive, Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks, HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. HGTV focuses on decorating, interior design, home remodeling, landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience, music performance specials, live concerts and country music videos.

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