Bank of America Increases 58.com (WUBA) Price Target to $94.00
58.com (NYSE:WUBA) had its price objective raised by Bank of America from $89.00 to $94.00 in a report issued on Monday. The firm currently has a “neutral” rating on the information services provider’s stock. Bank of America’s price objective suggests a potential upside of 19.26% from the company’s previous close.
A number of other equities research analysts also recently weighed in on WUBA. Zacks Investment Research raised shares of 58.com from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Thursday, November 16th. TheStreet downgraded shares of 58.com from a “b-” rating to a “c+” rating in a report on Friday, December 22nd. Credit Suisse Group upped their price target on shares of 58.com to $90.00 and gave the company an “outperform” rating in a report on Thursday, March 8th. Finally, Benchmark raised shares of 58.com from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $62.91.
Shares of 58.com (NYSE:WUBA) opened at $78.82 on Monday. 58.com has a 1-year low of $34.55 and a 1-year high of $87.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.14 and a quick ratio of 1.06. The firm has a market cap of $11,260.00, a PE ratio of 57.53 and a beta of 2.11.
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58.com Company Profile
58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
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