JPMorgan Chase & Co. Reiterates €54.00 Price Target for Scout24 (ETR:G24)
JPMorgan Chase & Co. set a €54.00 ($62.79) target price on Scout24 (ETR:G24) in a research report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
G24 has been the subject of a number of other reports. Kepler Capital Markets set a €49.00 ($56.98) target price on Scout24 and gave the company a neutral rating in a research report on Tuesday, May 14th. Credit Suisse Group set a €50.00 ($58.14) target price on Scout24 and gave the company a neutral rating in a research report on Wednesday, June 5th. Royal Bank of Canada set a €43.00 ($50.00) target price on Scout24 and gave the company a neutral rating in a research report on Tuesday, May 14th. Morgan Stanley set a €52.00 ($60.47) target price on Scout24 and gave the company a buy rating in a research report on Monday, July 1st. Finally, Goldman Sachs Group set a €54.70 ($63.60) target price on Scout24 and gave the company a buy rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Scout24 presently has a consensus rating of Hold and a consensus target price of €46.59 ($54.18).
Shares of ETR G24 opened at €51.80 ($60.23) on Tuesday. The company has a debt-to-equity ratio of 66.94, a current ratio of 1.42 and a quick ratio of 1.10. The stock’s fifty day moving average price is €49.53 and its two-hundred day moving average price is €46.33. Scout24 has a one year low of €33.22 ($38.63) and a one year high of €51.75 ($60.17). The firm has a market cap of $5.54 billion and a price-to-earnings ratio of 34.84.
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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