Scout24 (ETR:G24) has been assigned a €37.00 ($45.68) price target by investment analysts at Royal Bank of Canada in a research note issued on Tuesday. The firm presently has a “neutral” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 4.76% from the stock’s current price.
G24 has been the subject of a number of other research reports. Goldman Sachs Group set a €44.00 ($54.32) price target on shares of Scout24 and gave the company a “buy” rating in a report on Tuesday. Kepler Capital Markets set a €40.50 ($50.00) price target on shares of Scout24 and gave the company a “buy” rating in a report on Tuesday. Commerzbank set a €39.00 ($48.15) price target on shares of Scout24 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Scout24 in a report on Tuesday. Finally, UBS Group set a €35.50 ($43.83) price target on shares of Scout24 and gave the company a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €37.30 ($46.05).
Scout24 (ETR:G24) traded up €0.36 ($0.44) on Tuesday, reaching €35.32 ($43.60). 181,735 shares of the company’s stock were exchanged, compared to its average volume of 150,085. Scout24 has a 12-month low of €29.81 ($36.80) and a 12-month high of €37.60 ($46.42). The firm has a market cap of $3,760.00 and a price-to-earnings ratio of 37.57.
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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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