CD Projekt’s (OTGLY) “Underweight” Rating Reiterated at Barclays

Barclays reissued their underweight rating on shares of CD Projekt (OTCMKTS:OTGLY) in a report issued on Tuesday morning, The Fly reports.

Several other research firms also recently issued reports on OTGLY. The Goldman Sachs Group downgraded CD Projekt from a neutral rating to a sell rating in a research note on Monday, August 2nd. Jefferies Financial Group downgraded CD Projekt from a buy rating to an underperform rating in a research note on Friday, October 22nd. Berenberg Bank reissued a sell rating on shares of CD Projekt in a research note on Tuesday, September 21st. Finally, JPMorgan Chase & Co. downgraded CD Projekt from an overweight rating to a neutral rating in a research report on Thursday, October 21st. Seven equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, CD Projekt has a consensus rating of Sell and a consensus price target of $13.19.

OTGLY opened at $11.01 on Tuesday. The business’s 50-day moving average price is $11.52 and its two-hundred day moving average price is $11.68. CD Projekt has a 1 year low of $10.11 and a 1 year high of $31.56.

About CD Projekt

CD Projekt SA, through its subsidiaries, engages in the development and digital distribution of videogames for personal computers and video game consoles worldwide. It operates through two segments, CD PROJEKT RED and The company's product portfolio comprises The Witcher; The Witcher 2: Assassins of Kings; The Witcher 3: Wild Hunt, Hearts of Stone games, and Blood and Wine; Thronebreaker: The Witcher Tales; Gwent: The Witcher Card game; and Cyberpunk 2077.

Further Reading: ESG Score

The Fly logo

Analyst Recommendations for CD Projekt (OTCMKTS:OTGLY)