Royal Bank of Canada Reiterates €37.00 Price Target for Scout24 (G24)
Scout24 (ETR:G24) has been assigned a €37.00 ($45.68) target price by investment analysts at Royal Bank of Canada in a report released on Tuesday. The firm currently has a “neutral” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 4.76% from the company’s current price.
Several other equities research analysts have also recently commented on the stock. Kepler Capital Markets set a €38.50 ($47.53) price target on shares of Scout24 and gave the stock a “buy” rating in a research report on Tuesday, November 28th. equinet set a €31.00 ($38.27) price target on shares of Scout24 and gave the stock a “sell” rating in a research report on Tuesday, December 26th. Warburg Research set a €36.00 ($44.44) price target on shares of Scout24 and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Oddo Bhf set a €28.00 ($34.57) price target on shares of Scout24 and gave the stock a “sell” rating in a research report on Thursday, November 9th. Finally, Goldman Sachs Group set a €39.00 ($48.15) price target on shares of Scout24 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of €37.30 ($46.05).
Shares of Scout24 (ETR G24) traded up €0.36 ($0.44) during trading hours on Tuesday, reaching €35.32 ($43.60). 181,735 shares of the company’s stock traded hands, compared to its average volume of 150,085. Scout24 has a 52-week low of €29.81 ($36.80) and a 52-week high of €37.60 ($46.42). The company has a market cap of $3,760.00 and a PE ratio of 37.57.
Scout24 Company Profile
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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