Scout24 (G24) Given a €43.20 Price Target by UBS Group Analysts

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Scout24 (ETR:G24) has been given a €43.20 ($50.23) price objective by research analysts at UBS Group in a report issued on Wednesday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 15.20% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Liberum Capital set a €56.00 ($65.12) price objective on shares of Scout24 and gave the company a “buy” rating in a report on Tuesday, July 24th. Kepler Capital Markets set a €43.00 ($50.00) price objective on shares of Scout24 and gave the company a “buy” rating in a report on Wednesday, July 18th. HSBC set a €52.00 ($60.47) price objective on shares of Scout24 and gave the company a “buy” rating in a report on Monday, September 3rd. Deutsche Bank set a €56.00 ($65.12) price objective on shares of Scout24 and gave the company a “buy” rating in a report on Wednesday, September 5th. Finally, Morgan Stanley set a €48.00 ($55.81) price objective on shares of Scout24 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of €44.50 ($51.74).

Shares of G24 traded up €2.20 ($2.56) during midday trading on Wednesday, hitting €37.50 ($43.60). 368,541 shares of the company traded hands, compared to its average volume of 223,980. Scout24 has a 52 week low of €29.81 ($34.66) and a 52 week high of €37.60 ($43.72).

About Scout24

Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24 and AutoScout24segments. The ImmobilienScout24 segment operates real estate classifieds portal for commercial and private customers for the sale and rental of real estate, as well as offers advertising services to third-party suppliers, such as insurance and financial service providers, utilities, or removal companies.

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Analyst Recommendations for Scout24 (ETR:G24)

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