Royal Bank of Canada Reiterates €37.00 Price Target for Scout24 (G24)

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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About Scout24

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.

Analyst Recommendations for Scout24 (ETR:G24)

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