Price Target Update on SouFun Holdings Limited (NYSE:SFUN)

SouFun Holdings Limited (NYSE:SFUN) : The consensus price target for SouFun Holdings Limited (NYSE:SFUN) is $7.3 for the short term with a standard deviation of $0.85. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $7.

Other Equity analysts have also commented on the company shares. Brean Capital initiates coverage on SouFun Holdings Limited (NYSE:SFUN). Brean Capital has a Hold rating on the shares. The rating by the firm was issued on June 7, 2016.

SouFun Holdings Limited (NYSE:SFUN): stock turned positive on Thursday. Though the stock opened at $5.14, the bulls momentum made the stock top out at $5.2 level for the day. The stock recorded a low of $5.08 and closed the trading day at $5.19, in the green by 1.57%. The total traded volume for the day was 4,451,453. The stock had closed at $5.11 in the previous days trading.

The company shares have dropped -43.54% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $9.12 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.43 and the 200 Day Moving Average price is recorded at $5.83.

SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Companys Website contains contents covering more than 350 cities across China, as well as Hong Kong, Taiwan, Singapore and Vancouver, Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites, including its Website, its e-commerce transaction and payment platform, and Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.

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