Independent Research set a €53.00 ($61.63) price objective on Axel Springer (FRA:SPR) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other brokerages have also recently issued reports on SPR. Barclays set a €62.50 ($72.67) target price on Axel Springer and gave the stock a buy rating in a research report on Friday, February 1st. Nord/LB set a €66.00 ($76.74) target price on Axel Springer and gave the stock a buy rating in a research report on Wednesday, January 9th. JPMorgan Chase & Co. set a €56.00 ($65.12) target price on Axel Springer and gave the stock a neutral rating in a research report on Tuesday, February 19th. UBS Group set a €58.00 ($67.44) price objective on Axel Springer and gave the company a buy rating in a research report on Wednesday, January 9th. Finally, HSBC set a €62.00 ($72.09) price objective on Axel Springer and gave the company a neutral rating in a research report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of €55.86 ($64.96).
Shares of FRA:SPR opened at €47.76 ($55.53) on Wednesday. Axel Springer has a 52-week low of €49.45 ($57.50) and a 52-week high of €73.80 ($85.81).
About Axel Springer
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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