Analysts Set Scout24 AG (G24) PT at $44.66
Scout24 AG (ETR:G24) has received an average recommendation of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is €44.06 ($51.24).
G24 has been the topic of a number of research reports. JPMorgan Chase & Co. set a €45.00 ($52.33) target price on shares of Scout24 and gave the company a “neutral” rating in a report on Wednesday, July 18th. Barclays set a €47.00 ($54.65) target price on shares of Scout24 and gave the company a “neutral” rating in a report on Friday, July 20th. Kepler Capital Markets set a €50.00 ($58.14) target price on shares of Scout24 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas set a €38.00 ($44.19) target price on shares of Scout24 and gave the company a “sell” rating in a report on Tuesday, September 11th. Finally, HSBC set a €52.00 ($60.47) target price on shares of Scout24 and gave the company a “buy” rating in a report on Monday, September 3rd.
Shares of G24 stock traded up €0.16 ($0.19) during mid-day trading on Monday, reaching €36.80 ($42.79). 243,878 shares of the company’s stock traded hands, compared to its average volume of 223,980. Scout24 has a 12 month low of €29.81 ($34.66) and a 12 month 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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