Scout24 (ETR:G24) has been given a €38.90 ($46.31) target price by Barclays in a research report issued to clients and investors on Wednesday, November 15th. The brokerage currently has a “buy” rating on the stock. Barclays’ target price points to a potential upside of 12.66% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Kepler Capital Markets set a €38.50 ($45.83) price objective on shares of Scout24 and gave the stock a “buy” rating in a research note on Friday, October 27th. Morgan Stanley set a €40.00 ($47.62) price objective on shares of Scout24 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Goldman Sachs Group set a €39.00 ($46.43) price objective on shares of Scout24 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Commerzbank set a €39.00 ($46.43) price objective on shares of Scout24 and gave the stock a “buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of €36.86 ($43.89).
Shares of Scout24 (G24) traded up €0.01 ($0.01) during mid-day trading on Wednesday, hitting €34.53 ($41.11). The stock had a trading volume of 180,265 shares, compared to its average volume of 160,815. Scout24 has a 12 month low of €29.81 ($35.49) and a 12 month high of €35.97 ($42.82).
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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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