Axel Springer (ETR:SPR) stock price target increased to 42.75EUR, issued a research note today by Barclays Capital
- Updated: October 4, 2016
In a report released on 10/4/2016 Barclays Capital increased the stock price target of Axel Springer (ETR:SPR) to 42.75EUR indicating a possible downside of -0.06%.
Previously on 09/20/2016, Warburg Research reported on Axel Springer (ETR:SPR) increased the target price from 0.00EUR to 56.00EUR. At the time, this indicated a possible upside of 0.20%.
Yesterday Axel Springer (ETR:SPR) traded 0.15% higher at 45.31EUR. The company’s 50-day moving average is 44.90EUR and its 200-day moving average is 45.24EUR. The last closing price is up 1.23% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 856,424 shares of the stock traded hands, down from an average trading volume of 1,087,430
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Axel Springer has a 52 week low of 40.03EUR and a 52 week high of 56.20EUR with a P/E ratio of 9.24 The company’s market cap is currently 0 EUR.
In addition to Barclays Capital reporting its stock price target, a total of 14 brokerages have issued a ratings update on Axel Springer. The 12-month target price is 55.14EUR with 5 equity analysts rating the company a strong buy, 5 firms rating the stock a buy, seven analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly 0 brokerages rating the stock a sell.
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, among others. The Company also focuses on the digital transformation of its business.
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