Meredith Corporation – Consensus ‘Hold’ rating and -10.2% Downside Potential

Broker Ratings
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Meredith Corporation with ticker code (MDP) have now 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 59 and 36 calculating the mean target price we have $53.00. Given that the stocks previous close was at $59.00 this indicates there is a potential downside of -10.2%. Also worth taking note is the 50 day moving average now sits at $57.94 and the 200 day moving average is $42.90. The company has a market cap of $2,706m. You can visit the company’s website by visiting: 0

The potential market cap would be $2,430m based on the market consensus.

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The company is not paying dividends at this time.

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