Xing Ag (O1BC) Receives Consensus Rating of “Buy” from Brokerages

Xing Ag (ETR:O1BC) has received a consensus recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is €252.67 ($297.25).

A number of equities analysts have commented on O1BC shares. equinet AG set a €300.00 ($352.94) price objective on shares of Xing Ag and gave the stock a “buy” rating in a report on Friday, July 28th. Oddo Securities set a €183.00 ($215.29) price target on shares of Xing Ag and gave the company a “neutral” rating in a report on Monday, July 10th. Deutsche Bank AG set a €260.00 ($305.88) price target on shares of Xing Ag and gave the company a “buy” rating in a report on Tuesday, July 11th. Hauck & Aufhaeuser set a €300.00 ($352.94) price target on shares of Xing Ag and gave the company a “buy” rating in a report on Tuesday. Finally, Commerzbank Ag set a €240.00 ($282.35) price target on shares of Xing Ag and gave the company a “buy” rating in a report on Monday.

Xing Ag (O1BC) opened at 264.263 on Tuesday. The firm’s 50-day moving average is €241.70 and its 200-day moving average is €212.76. Xing Ag has a 12 month low of €169.94 and a 12 month high of €270.00. The stock has a market cap of €1.49 billion and a P/E ratio of 63.678.

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About Xing Ag

XING AG is a Germany-based operator of a social network for business professionals in German-speaking countries. The platform, XING, allows professionals from all kinds of different industries to meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas.

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