Shares of Fraport AG (OTCMKTS:FPRUY – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.60.
Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Fraport from €49.00 ($50.52) to €45.00 ($46.39) and set a “hold” rating on the stock in a research note on Friday, July 15th. Berenberg Bank raised shares of Fraport from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Royal Bank of Canada lifted their price objective on shares of Fraport from €29.00 ($29.90) to €33.00 ($34.02) in a research note on Monday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Fraport from €55.00 ($56.70) to €51.00 ($52.58) and set a “neutral” rating on the stock in a research note on Monday, July 11th. Finally, Exane BNP Paribas raised shares of Fraport from an “underperform” rating to a “neutral” rating and set a €50.00 ($51.55) price target on the stock in a research note on Friday, April 8th.
Fraport Price Performance
Fraport stock opened at $19.87 on Friday. The company’s 50 day simple moving average is $23.38 and its 200 day simple moving average is $27.86. Fraport has a fifty-two week low of $19.50 and a fifty-two week high of $39.58.
Fraport AG owns and operates airports in Germany, rest of Europe, Asia, and the United States. The company primarily focuses on the operation of Frankfurt Main airport. The company operates through four segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services.
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