REA Group Limited Rating Reiterated by CIMB (REA)
REA Group Limited (ASX:REA)‘s stock had its “reduce” rating reaffirmed by equities researchers at CIMB in a research report issued on Tuesday. They currently have a $37.89 price objective on the stock.
REA Group Limited (ASX:REA) traded up 0.47% during mid-day trading on Tuesday, hitting A$45.210. The stock had a trading volume of 388,619 shares. REA Group Limited has a 1-year low of A$32.000 and a 1-year high of A$52.450. The stock has a 50-day moving average of A$45.53 and a 200-day moving average of A$46.06. The company has a market cap of A$5.955 billion and a price-to-earnings ratio of 39.58.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of REA Group Limited in a research note on Monday, May 26th. They now have a $44.05 price target on the stock.
REA Group Limited is engaged in the real estate online advertising and related services. Its online advertising services include online advertising of residential properties for sale and rent, online advertising of commercial properties for sale and lease, provision of online display advertising space for advertisers in various industries, provision of Website development services to the real estate industry through Web design services.
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