Scout24 (ETR:G24) has been assigned a €43.00 ($50.00) target price by equities researchers at Royal Bank of Canada in a report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 4.17% from the stock’s previous close.
Other analysts have also issued reports about the stock. Morgan Stanley set a €48.00 ($55.81) target price on shares of Scout24 and gave the company a “buy” rating in a research report on Monday, November 5th. UBS Group set a €43.20 ($50.23) target price on shares of Scout24 and gave the company a “buy” rating in a research report on Monday, October 29th. JPMorgan Chase & Co. set a €44.00 ($51.16) target price on shares of Scout24 and gave the company a “neutral” rating in a research report on Wednesday, November 7th. Barclays restated a “neutral” rating and set a target price on shares of Scout24 in a research report on Monday, January 28th. Finally, equinet set a €44.00 ($51.16) target price on shares of Scout24 and gave the company a “neutral” rating in a research report on Wednesday, November 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Scout24 presently has an average rating of “Hold” and a consensus target price of €44.49 ($51.73).
Shares of ETR G24 opened at €41.28 ($48.00) on Tuesday. Scout24 has a 12-month low of €29.81 ($34.66) and a 12-month high of €37.60 ($43.72).
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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