FRANKFURT (dpa-AFX) - A buy recommendation on Tuesday pushed Hypoport's shares back up sharply to their previous day's high. They recently gained 4.7 percent to around 233 euros. On Monday, they had ultimately given back the high gains they had initially posted following the quarterly figures.

The German mortgage market continued to recover in the third quarter, wrote analyst Marius Fuhrberg from Warburg Research in his upgrade of the shares from "hold" to "buy". After the recent price weakness, the shares of the financial services provider once again offered sufficient upside potential.

After a very weak price performance in the second half of October, the shares caught up at the EUR 213 mark at the beginning of November. Since the beginning of the year, they have gained around 32 percent, but are still a long way from their annual high of over 348 euros reached at the end of May./ajx/jha/