Scout24 (ETR:G24) has been assigned a €43.20 ($50.23) target price by stock analysts at UBS Group in a research note issued on Tuesday, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 4.65% from the stock’s previous close.
A number of other equities analysts have also commented on the stock. Deutsche Bank set a €51.00 ($59.30) price target on shares of Scout24 and gave the stock a “buy” rating in a report on Tuesday, December 4th. Goldman Sachs Group set a €47.00 ($54.65) price target on shares of Scout24 and gave the stock a “neutral” rating in a report on Monday, January 14th. Bank of America set a €37.00 ($43.02) price target on shares of Scout24 and gave the stock a “sell” rating in a report on Monday, January 7th. Morgan Stanley reissued a “buy” rating on shares of Scout24 in a report on Monday, November 19th. Finally, Barclays set a €46.00 ($53.49) price target on shares of Scout24 and gave the stock a “neutral” rating in a report on Friday, December 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Scout24 has a consensus rating of “Hold” and an average target price of €44.49 ($51.73).
Shares of ETR:G24 opened at €41.28 ($48.00) on Tuesday. Scout24 has a one year low of €29.81 ($34.66) and a one year 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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