Scout24 AG (G24) Given a €40.00 Price Target at Morgan Stanley
Scout24 AG (ETR:G24) received a €40.00 ($47.06) price objective from Morgan Stanley in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group set a €36.70 ($43.18) price objective on Scout24 AG and gave the stock a “buy” rating in a report on Thursday, June 29th. Kepler Capital Markets set a €38.50 ($45.29) price objective on Scout24 AG and gave the stock a “buy” rating in a report on Friday, June 23rd. Commerzbank Ag set a €39.00 ($45.88) price objective on Scout24 AG and gave the stock a “buy” rating in a report on Wednesday, June 21st. J P Morgan Chase & Co set a €37.00 ($43.53) price objective on Scout24 AG and gave the stock a “buy” rating in a report on Tuesday, May 30th. Finally, Barclays PLC set a €37.00 ($43.53) price objective on Scout24 AG and gave the stock a “buy” rating in a report on Monday, May 29th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of €37.13 ($43.68).
Scout24 AG (ETR G24) opened at 34.239 on Thursday. Scout24 AG has a 12 month low of €28.45 and a 12 month high of €34.99. The company’s 50-day moving average price is €32.67 and its 200 day moving average price is €32.66. The stock has a market capitalization of €3.68 billion and a PE ratio of 40.281.
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Scout24 AG Company Profile
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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