Adevinta ASA (OTCMKTS:ADEVF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Adevinta ASA (OTCMKTS:ADEVFGet Rating) have received an average rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $126.20.

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Adevinta ASA from 99.00 to 96.00 and set an “overweight” rating for the company in a research note on Thursday, September 8th. Credit Suisse Group reduced their price objective on shares of Adevinta ASA from 140.00 to 123.00 in a research note on Wednesday, May 25th. Barclays reduced their price target on Adevinta ASA from 100.00 to 97.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 31st. Finally, Morgan Stanley lowered shares of Adevinta ASA from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 20th.

Adevinta ASA Stock Performance

Shares of OTCMKTS ADEVF opened at $8.05 on Tuesday. Adevinta ASA has a 52-week low of $5.85 and a 52-week high of $19.40. The stock has a 50 day moving average price of $6.85 and a 200 day moving average price of $7.19.

About Adevinta ASA

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Adevinta ASA owns and operates online classifieds sites. The company's products and services include generalist classifieds, specialist real estate, motors, and jobs sites. It operates various online classifieds sites under the Adverts.ie, Agriaffaires, A Vendre a Louer, Autónavigátor.hu, Automobile.it, Autotrader, carsguide, coches.net, daft.ie, 2dehands/2ememain, DoneDeal, eBay Kleinanzeigen, Fotocasa, Grupo Zap, Groupe Argus, Gumtree, Habitaclia, Használtautó.hu, InfoJobs, Jófógás, Kufar, Kijiji, leboncoin, leboncoin hotel, Locasun, MachineryZone, Marktplaats, Milanuncios, mobile.de, motos.net, OLX Brasil, Paycar, Segundamano, subito, Truckscorner, Vide Dressing, vivanuncios, Willhaben, L'Argus, and Pilgo brands.

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Analyst Recommendations for Adevinta ASA (OTCMKTS:ADEVF)

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