Sony Group Co. (NYSE:SONY) Receives $24.00 Consensus Target Price from Brokerages

Sony Group Co. (NYSE:SONY) has been assigned a consensus recommendation of “Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.00.

Several brokerages recently commented on SONY. Oppenheimer cut their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen cut their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. StockNews.com cut shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday. They set an “outperform” rating for the company.

Sony Group Stock Up 1.5 %

Shares of Sony Group stock opened at $20.64 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group has a twelve month low of $15.02 and a twelve month high of $22.71. The company has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 12.41 and a beta of 0.95. The company’s 50 day moving average is $20.45 and its 200 day moving average is $12.69.

Institutional Trading of Sony Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cardinal Capital Management Inc. boosted its position in shares of Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares during the period. Avior Wealth Management LLC raised its position in shares of Sony Group by 400.4% during the 4th quarter. Avior Wealth Management LLC now owns 11,604 shares of the company’s stock valued at $246,000 after purchasing an additional 9,285 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Sony Group by 424.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 143,093 shares of the company’s stock valued at $3,028,000 after buying an additional 115,798 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Sony Group by 340.2% in the 4th quarter. SG Americas Securities LLC now owns 52,134 shares of the company’s stock worth $1,103,000 after buying an additional 40,290 shares during the period. Finally, Cetera Trust Company N.A increased its stake in Sony Group by 418.4% in the 4th quarter. Cetera Trust Company N.A now owns 16,925 shares of the company’s stock worth $358,000 after buying an additional 13,660 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.