HSBC Reiterates “€70.00” Price Target for Axel Springer (SPR)

HSBC set a €70.00 ($83.33) target price on Axel Springer (FRA:SPR) in a research note released on Friday morning. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on SPR. Morgan Stanley set a €66.00 ($78.57) price target on shares of Axel Springer and gave the stock a neutral rating in a report on Tuesday, December 5th. Independent Research set a €73.00 ($86.90) price target on shares of Axel Springer and gave the stock a neutral rating in a report on Thursday, December 7th. J P Morgan Chase & Co set a €79.00 ($94.05) price target on shares of Axel Springer and gave the stock a buy rating in a report on Wednesday, December 13th. Deutsche Bank set a €64.00 ($76.19) price target on shares of Axel Springer and gave the stock a neutral rating in a report on Thursday. Finally, Barclays set a €67.00 ($79.76) price target on shares of Axel Springer and gave the stock a neutral rating in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of €65.28 ($77.71).

Axel Springer (FRA SPR) opened at €68.00 ($80.95) on Friday. Axel Springer has a 1-year low of €43.94 ($52.31) and a 1-year high of €68.53 ($81.58).

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About Axel Springer

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.

Analyst Recommendations for Axel Springer (FRA:SPR)

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