A report released today by Warburg Research about Axel Springer (ETR:SPR) bumps the target price to 56.00EUR
- Updated: September 19, 2016
Yesterday Axel Springer (ETR:SPR) traded 0.81% lower at 46.60EUR. Axel Springer’s 50-day average is 44.86EUR and its 200-day moving average is 45.47EUR. With the last stock price up 5.71% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. Trading volume was was down over the average, with 822,625 shares of SPR changing hands under the typical 1,164,080 shares..
Stating a possible upside of 0.20%, Warburg Research raised the target stock price of Axel Springer (ETR:SPR) to 56EUR
On 9/15/2016, Warburg Research reported about Axel Springer(ETR:SPR) raised the target price from 0.00EUR to 56.00EUR. At the time, this suggested an upside of 0.22%.
In addition to Warburg Research reporting it’s target price, a total of 14 analysts have issued a research note on the company. The average target price is 55.14EUR with five analysts rating the company a strong buy, five analysts rating the company a buy, seven analysts rating the stock a hold, one firm rating the stock to underperform, and finally 0 brokerages rating the company as sell.
With a market capitalization of 0.0 EUR, Axel Springer has a 52 week low of 40.03EUR and a 52 week high of 56.20EUR with a price-earnings ratio of 9.
More About Axel Springer (ETR:SPR)
Axel Springer SE is a Germany-based publishing company that operates through three segments: Classified Ad Models, Paid Models and Marketing Models. The Classified Ad Models segment focuses on online classified advertising and includes, among others, belvilla.com, immonet.de, meinestadt.de and totaljobs.com; the Paid Models segment comprises all business models that are primarily used by paying readers, including the digital and print media of the BILD and WELTN24 Group, the computer, car and sport magazines of the BILD brand family, B.Z. and the music magazines, and the Marketing Models segment focuses on sales to advertising customers and includes finanzen.net, idealo.de and gofeminin.de, and among others. The Company also focuses on the digital transformation of its business.
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