Scout24 AG (G24) Given Average Rating of “Buy” by Brokerages
Shares of Scout24 AG (ETR:G24) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is €37.52 ($44.67).
G24 has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) set a €39.00 ($46.43) price target on Scout24 AG and gave the company a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley set a €40.00 ($47.62) price target on Scout24 AG and gave the company a “buy” rating in a research note on Thursday, August 17th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Scout24 AG in a research note on Thursday, August 10th. Barclays PLC set a €37.65 ($44.82) price target on Scout24 AG and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Kepler Capital Markets set a €38.50 ($45.83) price target on Scout24 AG and gave the company a “buy” rating in a research note on Wednesday, August 9th.
Shares of Scout24 AG (ETR:G24) traded up 0.90% during mid-day trading on Wednesday, hitting €34.40. 300 shares of the company were exchanged. The firm has a 50 day moving average of €33.22 and a 200 day moving average of €32.82. The company has a market capitalization of €3.70 billion and a price-to-earnings ratio of 40.47. Scout24 AG has a 12-month low of €28.45 and a 12-month high of €34.99.
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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