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What is Wall Street's Target Price for Sinclair Broadcast Group Inc (SBGI) Stock Wednesday?

Wednesday, December 29, 2021 11:40 AM | InvestorsObserver Analysts
What is Wall Street's Target Price for Sinclair Broadcast Group Inc (SBGI) Stock Wednesday?

InvestorsObserver is giving Sinclair Broadcast Group Inc (SBGI) an Analyst Rating Rank of 20, meaning SBGI is ranked higher by analysts than 20% of stocks. The average price target for SBGI is $33.666 and analyst’s rate the stock as a Buy.

Overall Score - 3.7
Wall Street analysts are rating SBGI a Buy today. Find out what this means to you and get the rest of the rankings on SBGI!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Sinclair Broadcast Group Inc Stock Today?

Sinclair Broadcast Group Inc (SBGI) stock is trading at $25.30 as of 11:40 AM on Wednesday, Dec 29, a decline of -$0.67, or -2.58% from the previous closing price of $25.97. The stock has traded between $25.07 and $26.13 so far today. Volume today is less active than usual. So far 713,123 shares have traded compared to average volume of 1,087,997 shares. Click Here to get the full Stock Report for Sinclair Broadcast Group Inc stock.

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