UBS set a €35.50 ($43.83) price objective on Scout24 (ETR:G24) in a report released on Wednesday, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
A number of other research analysts also recently weighed in on G24. Kepler Capital Markets set a €40.50 ($50.00) price objective on Scout24 and gave the company a buy rating in a research note on Monday, February 5th. Barclays set a €42.45 ($52.41) price target on Scout24 and gave the stock a buy rating in a research report on Wednesday, March 28th. Goldman Sachs set a €44.00 ($54.32) price target on Scout24 and gave the stock a buy rating in a research report on Thursday, March 29th. Commerzbank set a €39.00 ($48.15) price target on Scout24 and gave the stock a buy rating in a research report on Wednesday, March 28th. Finally, Oddo Bhf set a €28.00 ($34.57) price target on Scout24 and gave the stock a sell rating in a research report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of €37.54 ($46.35).
Shares of G24 stock opened at €38.54 ($47.58) on Wednesday. Scout24 has a twelve month low of €29.81 ($36.80) and a twelve month high of €37.60 ($46.42).
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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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