Morgan Stanley Reiterates “€56.00” Price Target for Axel Springer (FRA:SPR)

Morgan Stanley set a €56.00 ($65.12) price target on Axel Springer (FRA:SPR) in a report published on Wednesday, April 3rd, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a €55.00 ($63.95) price target on Axel Springer and gave the company a neutral rating in a research note on Thursday, March 21st. Goldman Sachs Group set a €66.60 ($77.44) price target on Axel Springer and gave the company a buy rating in a research note on Monday, January 14th. Deutsche Bank set a €64.00 ($74.42) price target on Axel Springer and gave the company a neutral rating in a research note on Friday, December 14th. Nord/LB set a €66.00 ($76.74) price target on Axel Springer and gave the company a buy rating in a research note on Wednesday, January 9th. Finally, UBS Group set a €58.00 ($67.44) price objective on Axel Springer and gave the stock a buy rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of €58.34 ($67.84).

Shares of FRA SPR opened at €50.10 ($58.26) on Wednesday. Axel Springer has a 12-month low of €49.45 ($57.50) and a 12-month 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.

See Also: What is a Lock-Up Period?

Analyst Recommendations for Axel Springer (FRA:SPR)

Receive News & Ratings for Axel Springer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axel Springer and related companies with MarketBeat.com's FREE daily email newsletter.