Scout24 AG (G24) Given a €39.00 Price Target at Commerzbank Ag
Scout24 AG (ETR:G24) has been given a €39.00 ($45.88) target price by research analysts at Commerzbank Ag in a report released on Monday. The brokerage currently has a “buy” rating on the stock.
Several other brokerages also recently commented on G24. Goldman Sachs Group, Inc. (The) set a €39.00 ($45.88) price objective on shares of Scout24 AG and gave the company a “buy” rating in a research note on Saturday, May 20th. Barclays PLC set a €37.00 ($43.53) price objective on shares of Scout24 AG and gave the company a “buy” rating in a research note on Monday, May 29th. Warburg Research set a €36.00 ($42.35) price objective on shares of Scout24 AG and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Credit Suisse Group set a €36.70 ($43.18) price objective on shares of Scout24 AG and gave the company a “buy” rating in a research note on Thursday, June 29th. Finally, J P Morgan Chase & Co set a €34.00 ($40.00) price objective on shares of Scout24 AG and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of €36.69 ($43.16).
Scout24 AG (ETR G24) traded up 1.67% during mid-day trading on Monday, hitting €31.83. 225 shares of the stock traded hands. The firm has a market cap of €3.35 billion and a P/E ratio of 44.09. The firm’s 50-day moving average price is €32.73 and its 200-day moving average price is €32.70. Scout24 AG has a 52 week low of €28.45 and a 52 week high of €41.00.
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About Scout24 AG
Scout24 AG, formerly Asa NewCo GmbH, is a Germany-based holding company engaged in the Internet services industry. Through its subsidiaries, the Company provides digital classified advertisement platforms in Germany and other European countries, notably Scout24.com, ImmobilienScout24.de and Autoscout24.com.
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