Citigroup Inc. increased their price objective on shares of Blinkx (LON:BLNX) from GBX 185 ($2.97) to GBX 220 ($3.53) in a research note issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price target points to a potential upside of 11.57% from the company’s current price.
Shares of Blinkx (LON:BLNX) opened at 197.1934 on Wednesday. Blinkx has a 52-week low of GBX 54.20 and a 52-week high of GBX 200.00. The stock’s 50-day moving average is GBX 153.7 and its 200-day moving average is GBX 132..
BLNX has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Blinkx in a research note to investors on Tuesday. They now have a GBX 190 ($3.05) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Blinkx in a research note to investors on Wednesday, October 30th. They now have a GBX 221 ($3.54) price target on the stock, up previously from GBX 136 ($2.18). Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Blinkx from GBX 152 ($2.44) to GBX 215 ($3.45) in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating, Blinkx presently has a consensus rating of “Buy” and a consensus price target of GBX 199.20 ($3.19).
Blinkx Plc is a holding company. The principal activity of the Company, along with its subsidiaries, consists of the provision of video search and advertising services on the Internet.
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