Axel Springer (FRA:SPR) has been assigned a €73.00 ($86.90) price target by equities researchers at Independent Research in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential upside of 7.21% from the company’s current price.
SPR has been the topic of several other reports. J P Morgan Chase & Co set a €62.00 ($73.81) price objective on Axel Springer and gave the company a “buy” rating in a research report on Wednesday, August 16th. Bank of America set a €69.00 ($82.14) price objective on Axel Springer and gave the company a “buy” rating in a research report on Monday, August 14th. Warburg Research set a €60.00 ($71.43) price objective on Axel Springer and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays set a €67.00 ($79.76) price objective on Axel Springer and gave the company a “buy” rating in a research report on Thursday, November 9th. Finally, Morgan Stanley set a €66.00 ($78.57) target price on Axel Springer and gave the company a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Axel Springer has an average rating of “Hold” and a consensus target price of €64.35 ($76.61).
Axel Springer (FRA:SPR) opened at €68.09 ($81.06) on Thursday. Axel Springer has a twelve month low of €39.70 ($47.26) and a twelve month high of €67.68 ($80.57).
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Axel Springer SE operates as a publishing company in Europe. It operates through three segments: Classified Ad Models, Paid Models, and Marketing Models. The Classified Ad Models segment operates a portfolio of online classified ad portals in the areas of jobs, real estate, and general and other, such as vacation home rentals and automobiles.
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