Sony Group Co. (NYSE:SONY) Receives $28.00 Consensus Target Price from Brokerages

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have been given an average rating of "Buy" by the six research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $28.00.

SONY has been the topic of several analyst reports. Wall Street Zen cut Sony Group from a "buy" rating to a "hold" rating in a research report on Thursday. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Oppenheimer reiterated an "outperform" rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th.

Hedge Funds Weigh In On Sony Group

Hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd grew its stake in shares of Sony Group by 400.0% in the 4th quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company's stock worth $763,000 after purchasing an additional 28,852 shares during the last quarter. Bfsg LLC acquired a new stake in shares of Sony Group during the 4th quarter valued at $6,125,000. Fifth Third Bancorp lifted its position in shares of Sony Group by 311.3% during the 4th quarter. Fifth Third Bancorp now owns 157,702 shares of the company's stock valued at $3,337,000 after acquiring an additional 119,362 shares during the last quarter. Forum Financial Management LP lifted its position in shares of Sony Group by 536.0% during the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock valued at $2,439,000 after acquiring an additional 97,130 shares during the last quarter. Finally, West Family Investments Inc. lifted its position in shares of Sony Group by 392.9% during the 4th quarter. West Family Investments Inc. now owns 26,725 shares of the company's stock valued at $566,000 after acquiring an additional 21,303 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Performance

Sony Group stock traded up $0.21 during midday trading on Tuesday, reaching $25.54. 6,527,457 shares of the stock traded hands, compared to its average volume of 4,302,612. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $24.45 and a two-hundred day moving average price of $22.67. The firm has a market cap of $154.46 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 9.95 and a beta of 0.97. Sony Group has a fifty-two week low of $15.67 and a fifty-two week high of $26.08.

About Sony Group

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.