Analyst Price Target Update on Gannett Co Inc (NYSE:GCI)

Gannett Co Inc (NYSE:GCI): 2 analysts have set the short term price target of Gannett Co Inc (NYSE:GCI) at $20. The standard deviation of short term price target has been estimated at $4.24, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 23 and $17 respectively.

For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Gannett Co., Inc., Dickey Robert J. had sold 18,556 shares worth of $323,988 in a transaction dated November 24, 2015. In this transaction, 18,556 shares were sold at $17.46 per share.

Gannett Co Inc (NYSE:GCI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.14 points or 0.91% at $15.28 with 1,140,110 shares getting traded. Post opening the session at $15.3, the shares hit an intraday low of $15.05 and an intraday high of $15.31 and the price was in this range throughout the day. The company has a market cap of $1,781 million and the number of outstanding shares have been calculated to be 116,528,096 shares. The 52-week high of Gannett Co Inc (NYSE:GCI) is $38.48 and the 52-week low is $10.75.

Gannett Co., Inc., formerly Gannett Spinco, Inc., is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes, CareerBuilder, PointRoll and Shoplocal.

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