Goldman Sachs Group Analysts Give Scout24 (G24) a €47.00 Price Target
Scout24 (ETR:G24) has been assigned a €47.00 ($54.65) target price by equities researchers at Goldman Sachs Group in a report issued on Monday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price suggests a potential upside of 22.20% from the company’s previous close.
Several other research analysts have also weighed in on G24. Deutsche Bank reiterated a “buy” rating on shares of Scout24 in a report on Friday, September 21st. Kepler Capital Markets set a €50.00 ($58.14) target price on Scout24 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Warburg Research set a €45.00 ($52.33) target price on Scout24 and gave the stock a “neutral” rating in a report on Friday, September 28th. HSBC set a €42.00 ($48.84) target price on Scout24 and gave the stock a “neutral” rating in a report on Friday, October 5th. Finally, UBS Group set a €43.20 ($50.23) target price on Scout24 and gave the stock a “buy” rating in a report on Monday, October 29th. Three investment analysts have rated the stock with a sell rating, seven 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 €44.50 ($51.75).
G24 stock opened at €38.46 ($44.72) on Monday. Scout24 has a 1-year low of €29.81 ($34.66) and a 1-year high of €37.60 ($43.72).
Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24 and AutoScout24segments. The ImmobilienScout24 segment operates real estate classifieds portal for commercial and private customers for the sale and rental of real estate, as well as offers advertising services to third-party suppliers, such as insurance and financial service providers, utilities, or removal companies.
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