CIMB Reaffirms Reduce Rating for REA Group Limited (REA)
REA Group Limited (ASX:REA)‘s stock had its “reduce” rating reissued by analysts at CIMB in a research report issued to clients and investors on Thursday. They currently have a $37.89 price objective on the stock.
Shares of REA Group Limited (ASX:REA) traded down 0.35% during mid-day trading on Thursday, hitting A$47.990. The stock had a trading volume of 134,536 shares. REA Group Limited has a 52 week low of A$34.405 and a 52 week high of A$52.450. The stock has a 50-day moving average of A$46.62 and a 200-day moving average of A$46.43. The company has a market cap of A$6.321 billion and a price-to-earnings ratio of 42.36.
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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