58.com (NYSE:WUBA): 2 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $67 in 58.com (NYSE:WUBA). However, the stock price could fluctuate by $ 4.24 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $70 price target with the lower price estimate is calculated at $64
Many analysts have stated their opinion on the company shares. Brean Capital initiates coverage on 58.com (NYSE:WUBA). Brean Capital has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $65 per share. The rating by the firm was issued on June 3, 2016. For the current week, the company shares have a recommendation consensus of Buy.
58.com (NYSE:WUBA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.11 points or 0.24% at $46.44 with 1,318,045 shares getting traded. Post opening the session at $46, the shares hit an intraday low of $45.942 and an intraday high of $47.2992 and the price was in this range throughout the day. The company has a market cap of $6,577 million and the number of outstanding shares have been calculated to be 141,632,360 shares. The 52-week high of 58.com (NYSE:WUBA) is $79.36 and the 52-week low is $37.72.
58.com Inc. (58.com) is a holding company. The Company operates an online marketplace serving local merchants and consumers in China. The Companys online marketplace enables local merchants and consumers to connect, share information and conduct business. The Companys online marketplace contains local information in approximately 395 cities, across the content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local services. The Company conducts automatic and manual screening using its technology and processes. The Companys users post listings on its marketplace covering a range of services and products on its Website, www.58.com. The Company organizes the listings on its marketplace by content categories, such as jobs, housing, used goods, automotive, yellow pages, pets and tickets.