The Madison Square Garden Co. (MSG) Hits New 12-Month High at $187.41
The Madison Square Garden Co. (NYSE:MSG) shares hit a new 52-week high on Monday . The stock traded as high as $187.41 and last traded at $186.31, with a volume of 89,498 shares. The stock had previously closed at $182.99.
Several research analysts have weighed in on MSG shares. Zacks Investment Research upgraded shares of The Madison Square Garden from a “hold” rating to a “buy” rating and set a $184.00 target price on the stock in a research report on Wednesday, April 20th. Loop Capital started coverage on shares of The Madison Square Garden in a research report on Tuesday, August 9th. They set a “buy” rating on the stock. Finally, Albert Fried & Company restated a “hold” rating and set a $170.00 target price on shares of The Madison Square Garden in a research report on Thursday, June 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The Madison Square Garden presently has an average rating of “Hold” and a consensus price target of $125.08.
The stock has a 50 day moving average price of $177.86 and a 200 day moving average price of $165.43. The stock’s market cap is $4.51 billion.
The Madison Square Garden Company, formerly MSG Spinco, Inc, is engaged in sports and entertainment business. The Company operates through two segments: MSG Sports and MSG Entertainment. MSG Sports segment includes sports business, which owns and operates the sports franchises, such as the New York Knicks (the Knicks) of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL).
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