58.com (NYSE:WUBA) : The consensus on 58.com (NYSE:WUBA) based on 2 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
58.com (NYSE:WUBA) : Average target price received by 58.com (NYSE:WUBA) is $67 with an expected standard deviation of $4.24. The most aggressive target on the stock is $70, whereas the most downbeat target is $64. 2 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy.
58.com (NYSE:WUBA): stock turned positive on Tuesday. Though the stock opened at $44.98, the bulls momentum made the stock top out at $46.2 level for the day. The stock recorded a low of $44.87 and closed the trading day at $45.64, in the green by 3.35%. The total traded volume for the day was 744,400. The stock had closed at $44.16 in the previous days trading.
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.