Scout24 AG (ETR:G24) has been given a €40.00 ($47.06) price target by analysts at Morgan Stanley in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock.
Several other research analysts have also recently weighed in on the stock. UBS Group AG set a €33.30 ($39.18) price objective on shares of Scout24 AG and gave the company a “neutral” rating in a report on Tuesday, July 11th. Kepler Capital Markets set a €38.50 ($45.29) price target on shares of Scout24 AG and gave the stock a “buy” rating in a research report on Thursday, October 5th. Credit Suisse Group set a €36.70 ($43.18) price target on shares of Scout24 AG and gave the stock a “buy” rating in a research report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) set a €39.00 ($45.88) price target on shares of Scout24 AG and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Finally, J P Morgan Chase & Co set a €34.00 ($40.00) price target on shares of Scout24 AG and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Scout24 AG currently has an average rating of “Buy” and a consensus price target of €36.35 ($42.76).
Shares of Scout24 AG (ETR G24) opened at 34.29 on Wednesday. Scout24 AG has a 1-year low of €28.45 and a 1-year high of €35.98. The stock has a market cap of €3.69 billion and a price-to-earnings ratio of 40.34. The firm has a 50-day moving average of €34.48 and a 200 day moving average of €33.32.
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About Scout24 AG
Scout24 AG, formerly Asa NewCo GmbH, is a Germany-based holding company engaged in the Internet services industry. Through its subsidiaries, the Company provides digital classified advertisement platforms in Germany and other European countries, notably Scout24.com, ImmobilienScout24.de and Autoscout24.com.
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