Adevinta ASA (OTCMKTS:ADEVF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Adevinta ASA (OTCMKTS:ADEVFGet Rating) has received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $123.20.

A number of brokerages recently weighed in on ADEVF. The Goldman Sachs Group upgraded shares of Adevinta ASA from a “neutral” rating to a “buy” rating in a report on Sunday, April 10th. Pareto Securities started coverage on shares of Adevinta ASA in a research note on Thursday, May 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their price objective on shares of Adevinta ASA from 86.00 to 78.00 and set an “overweight” rating for the company in a research note on Friday, May 27th. Morgan Stanley lowered shares of Adevinta ASA from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 20th. Finally, Barclays decreased their price objective on shares of Adevinta ASA from 115.00 to 100.00 in a research note on Wednesday, May 25th.

Adevinta ASA Stock Performance

Shares of OTCMKTS:ADEVF opened at $6.50 on Monday. Adevinta ASA has a 1-year low of $5.85 and a 1-year high of $19.40. The company has a 50 day moving average price of $6.31 and a 200 day moving average price of $8.14.

Adevinta ASA Company Profile

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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, Agriaffaires, A Vendre a Louer, Autónavigá,, Autotrader, carsguide,,, 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,,, OLX Brasil, Paycar, Segundamano, subito, Truckscorner, Vide Dressing, vivanuncios, Willhaben, L'Argus, and Pilgo brands.

Further Reading

Analyst Recommendations for Adevinta ASA (OTCMKTS:ADEVF)

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