UBS Group Reiterates “€43.20” Price Target for Scout24 (G24)
UBS Group set a €43.20 ($50.23) price target on Scout24 (ETR:G24) in a research note released on Wednesday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. set a €44.00 ($51.16) price target on Scout24 and gave the stock a neutral rating in a research note on Wednesday. equinet set a €44.00 ($51.16) price target on Scout24 and gave the stock a neutral rating in a research note on Wednesday. Goldman Sachs Group set a €41.90 ($48.72) price target on Scout24 and gave the stock a neutral rating in a research note on Monday. Morgan Stanley set a €48.00 ($55.81) price target on Scout24 and gave the stock a buy rating in a research note on Monday. Finally, Oddo Bhf set a €28.00 ($32.56) price target on Scout24 and gave the stock a sell rating in a research note on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Scout24 currently has a consensus rating of Hold and a consensus price target of €44.06 ($51.24).
Shares of G24 traded down €0.86 ($1.00) during midday trading on Wednesday, reaching €36.64 ($42.60). 379,686 shares of the stock were exchanged, 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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