Axel Springer (FRA:SPR) has been given a €58.00 ($67.44) price objective by investment analysts at UBS Group in a research note issued to investors on Tuesday, May 29th, www.boersen-zeitung.de reports. The firm presently has a “sell” rating on the stock. UBS Group’s price target suggests a potential downside of 5.84% from the company’s previous close.
SPR has been the topic of several other reports. Commerzbank set a €65.00 ($75.58) target price on Axel Springer and gave the company a “neutral” rating in a report on Monday, February 19th. equinet set a €66.50 ($77.33) target price on Axel Springer and gave the stock a “sell” rating in a research report on Tuesday, February 20th. Berenberg Bank set a €55.00 ($63.95) target price on Axel Springer and gave the stock a “sell” rating in a research report on Wednesday, March 14th. Warburg Research set a €70.00 ($81.40) price objective on Axel Springer and gave the company a “neutral” rating in a report on Tuesday, March 6th. Finally, Barclays set a €69.30 ($80.58) target price on Axel Springer and gave the stock a “neutral” rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Axel Springer currently has an average rating of “Hold” and a consensus target price of €65.13 ($75.73).
SPR traded up €0.10 ($0.12) during trading hours on Tuesday, hitting €61.60 ($71.63). The company’s stock had a trading volume of 266,582 shares. Axel Springer has a fifty-two week low of €49.45 ($57.50) and a fifty-two week high of €73.80 ($85.81).
Axel Springer Company Profile
Axel Springer SE operates as a publishing company primarily in Europe and the United States. The company operates through three segments: Classifieds Media, News Media, and Marketing Media. The Classifieds Media segment operates a portfolio of online classified portals in the areas of real estate, jobs, cars, and general.
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