HSBC Reiterates “€63.00” Price Target for Axel Springer (FRA:SPR)

HSBC set a €63.00 ($73.26) target price on Axel Springer (FRA:SPR) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on SPR. UBS Group set a €63.00 ($73.26) price objective on Axel Springer and gave the company a neutral rating in a report on Wednesday, August 14th. Independent Research set a €63.00 ($73.26) price target on Axel Springer and gave the stock a sell rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of €60.16 ($69.96).

Shares of FRA SPR opened at €63.35 ($73.66) on Tuesday. Axel Springer has a 52 week low of €49.45 ($57.50) and a 52 week high of €73.80 ($85.81). The business has a 50-day simple moving average of €63.64 and a two-hundred day simple moving average of €59.76.

Axel Springer Company Profile

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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Analyst Recommendations for Axel Springer (FRA:SPR)

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