After Noble Financial and Benchmark Co. gave Gray Television (NYSE: GTN) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss reiterated a Buy rating on Gray Television today and set a price target of $20.00. The company’s shares closed last Wednesday at $12.35.
According to TipRanks.com, Goss is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.5% and a 42.9% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Lions Gate Ent Cl A.
Currently, the analyst consensus on Gray Television is a Strong Buy with an average price target of $20.60, a 65.5% upside from current levels. In a report issued on May 8, Noble Financial also reiterated a Buy rating on the stock with a $22.00 price target.
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The company has a one-year high of $23.07 and a one-year low of $8.53. Currently, Gray Television has an average volume of 1.34M.
Based on the recent corporate insider activity of 53 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.
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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 operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The Production Companies segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.
