58.com Inc. (NYSE:WUBA) Ratings Summary on Jun 27, 2018

June 27, 2018 - By Robert Case

58.com Inc. (NYSE:WUBA) Ratings Coverage

A total of 2 analysts rate 58com Inc (NYSE:WUBA) as follows: 1 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NYSE:WUBA) has 2 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Friday, March 9 Benchmark upgraded 58.com Inc. (NYSE:WUBA) to “Buy” rating. The stock rating was maintained by Bank of America with “Neutral” on Monday, March 12. Listed here are 58.com Inc. (NYSE:WUBA) PTs and latest ratings.

12/03/2018 Broker: Bank of America Old Rating: Neutral New Rating: Neutral Old Target: $89 New Target: $94 Maintain
09/03/2018 Broker: Benchmark Rating: Buy New Target: $96.0 Upgrade

The stock decreased 6.24% or $4.51 during the last trading session, hitting $67.81.58.com Inc. is uptrending after having risen 75.32% since June 27, 2017. WUBA has 1.61 million volume or 65.05% up from normal. WUBA outperformed by 62.75% the S&P500.

58.com Inc. operates online classifieds and listing platforms that enable local merchants and clients to connect, share information, and conduct business in China.The firm is worth $9.99 billion. It primarily operates online multi-content category-classified advertising platforms under the 58 and Ganji names; and Anjuke, an online real estate listing platform.The P/E ratio is 49.14. The companyÂ’s platform contains local information of approximately 500 cities or towns in various content categories, including jobs, real estate, used goods, automotive, and yellow pages.

There’s an important 58.com Inc. (NYSE:WUBA) news announced by Seekingalpha.com. It’s an item titled: “58.com acquires minority stake in 5I5J” on June 22, 2018.

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