Scout24 (ETR:G24) has been given a €43.20 ($50.23) price target by UBS Group in a research report issued to clients and investors on Tuesday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 4.65% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Morgan Stanley set a €48.00 ($55.81) price objective on shares of Scout24 and gave the stock a “buy” rating in a research report on Monday, November 5th. Deutsche Bank set a €51.00 ($59.30) price objective on shares of Scout24 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Kepler Capital Markets set a €50.00 ($58.14) price objective on shares of Scout24 and gave the stock a “buy” rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. set a €50.00 ($58.14) target price on shares of Scout24 and gave the company a “buy” rating in a research report on Wednesday, January 9th. Finally, Royal Bank of Canada set a €43.00 ($50.00) target price on shares of Scout24 and gave the company a “neutral” rating in a research report on Friday, November 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Scout24 currently has an average rating of “Hold” and a consensus target price of €44.49 ($51.73).
Shares of G24 stock opened at €41.28 ($48.00) on Tuesday. Scout24 has a 52-week low of €29.81 ($34.66) and a 52-week high of €37.60 ($43.72).
Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24 and AutoScout24segments. The ImmobilienScout24 segment operates real estate classifieds portal for commercial and private customers for the sale and rental of real estate, as well as offers advertising services to third-party suppliers, such as insurance and financial service providers, utilities, or removal companies.
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