Axel Springer (FRA:SPR) received a €56.50 ($65.70) price objective from research analysts at UBS Group in a report released on Wednesday, March 27th, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 11.88% from the company’s current price.
A number of other research analysts have also weighed in on the company. Morgan Stanley set a €56.00 ($65.12) price objective on Axel Springer and gave the stock a “neutral” rating in a report on Friday, March 8th. Berenberg Bank set a €46.00 ($53.49) price target on Axel Springer and gave the company a “sell” rating in a report on Monday, January 21st. Barclays set a €62.00 ($72.09) price target on Axel Springer and gave the company a “buy” rating in a report on Monday, March 4th. Nord/LB set a €66.00 ($76.74) price target on Axel Springer and gave the company a “buy” rating in a report on Wednesday, January 9th. Finally, Deutsche Bank set a €64.00 ($74.42) price target on Axel Springer and gave the company a “neutral” rating in a report on Friday, December 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Axel Springer presently has a consensus rating of “Hold” and a consensus price target of €59.51 ($69.20).
Shares of Axel Springer stock traded up €1.00 ($1.16) during trading hours on Wednesday, reaching €50.50 ($58.72). 170,394 shares of the company’s stock were exchanged. Axel Springer has a 52-week low of €49.45 ($57.50) and a 52-week high of €73.80 ($85.81).
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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