Scout24 (ETR:G24) Given a €62.00 Price Target by HSBC Analysts

Scout24 (ETR:G24) has been given a €62.00 ($72.09) target price by analysts at HSBC in a note issued to investors on Monday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s price target indicates a potential upside of 16.21% from the stock’s previous close.

G24 has been the topic of a number of other research reports. Deutsche Bank set a €56.00 ($65.12) price objective on shares of Scout24 and gave the stock a “buy” rating in a report on Monday, August 5th. UBS Group set a €49.00 ($56.98) price objective on shares of Scout24 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Goldman Sachs Group set a €60.60 ($70.47) price objective on shares of Scout24 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. set a €58.00 ($67.44) target price on shares of Scout24 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Barclays set a €53.50 ($62.21) target price on shares of Scout24 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €49.58 ($57.65).

G24 stock opened at €53.35 ($62.03) on Monday. The company has a market cap of $5.74 billion and a P/E ratio of 38.38. Scout24 has a 52 week low of €33.22 ($38.63) and a 52 week high of €54.30 ($63.14). The company’s 50-day moving average price is €51.96 and its 200 day moving average price is €48.73. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 61.70.

About Scout24

Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24, AutoScout24, and Scout24 Consumer Services segments. The ImmobilienScout24 segment operates real estate classifieds portal for commercial and private customers for the sale and rental of real estate properties, as well as offers support services, such as customer acquisition and care for business real estate professionals.

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Analyst Recommendations for Scout24 (ETR:G24)

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