Scout24 (G24) Given a €38.50 Price Target at Kepler Capital Markets
Scout24 (ETR:G24) received a €38.50 ($45.83) target price from equities researchers at Kepler Capital Markets in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ target price would suggest a potential upside of 12.38% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Morgan Stanley set a €40.00 ($47.62) target price on shares of Scout24 and gave the stock a “buy” rating in a report on Thursday, August 17th. Oddo Bhf set a €28.00 ($33.33) target price on shares of Scout24 and gave the stock a “sell” rating in a report on Thursday, September 21st. Commerzbank set a €39.00 ($46.43) target price on shares of Scout24 and gave the stock a “buy” rating in a report on Thursday, November 9th. Warburg Research set a €36.00 ($42.86) target price on shares of Scout24 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Goldman Sachs Group set a €39.00 ($46.43) target price on shares of Scout24 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €36.41 ($43.35).
Shares of Scout24 (G24) traded down €0.26 ($0.31) during trading on Thursday, reaching €34.26 ($40.79). 114,984 shares of the company’s stock traded hands, compared to its average volume of 246,657. Scout24 has a one year low of €29.81 ($35.49) and a one year high of €35.97 ($42.82).
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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