Scout24 (ETR:G24) received a €43.00 ($50.00) price objective from equities researchers at Royal Bank of Canada in a report issued on Tuesday, July 17th. The firm currently has a “neutral” rating on the stock. Royal Bank of Canada’s price target suggests a potential downside of 2.05% from the company’s current price.
A number of other equities research analysts have also issued reports on G24. Oddo Bhf set a €28.00 ($32.56) target price on Scout24 and gave the stock a “sell” rating in a research report on Monday, May 7th. Goldman Sachs Group set a €44.10 ($51.28) price target on Scout24 and gave the stock a “neutral” rating in a research note on Thursday, May 3rd. JPMorgan Chase & Co. set a €40.00 ($46.51) price objective on Scout24 and gave the stock a “neutral” rating in a research report on Tuesday, May 8th. Kepler Capital Markets set a €43.00 ($50.00) price target on Scout24 and gave the company a “buy” rating in a report on Tuesday, May 8th. Finally, Barclays set a €45.85 ($53.31) price target on Scout24 and gave the company a “buy” rating in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of €43.34 ($50.40).
Scout24 traded down €0.70 ($0.81), reaching €43.90 ($51.05), during midday trading on Tuesday, MarketBeat.com reports. 126,305 shares of the company traded hands, compared to its average volume of 223,980. Scout24 has a twelve month low of €29.81 ($34.66) and a twelve month high of €37.60 ($43.72).
Scout24 Company Profile
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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