Barrington Keeps Their Buy Rating on Gray Television

Barrington analyst James Goss maintained a Buy rating on Gray Television (NYSE: GTN) today and set a price target of $19. The company’s shares opened today at $11.95.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.6% and a 61.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.

Currently, the analyst consensus on Gray Television is Strong Buy and the average price target is $19.67, representing a 64.6% upside.

In a report issued on May 3, Benchmark Co. also maintained a Buy rating on the stock with a $20 price target.

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The company has a one-year high of $17.80 and a one-year low of $10.70. Currently, Gray Television has an average volume of 1.22M.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GTN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It also sells internet advertising on its stations’ websites. The company was founded in January 1897 and is headquartered in Atlanta, GA.