Goldman Sachs Group Analysts Give Scout24 (ETR:G24) a €60.60 Price Target

Scout24 (ETR:G24) has been assigned a €60.60 ($70.47) target price by investment analysts at Goldman Sachs Group in a research note issued to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 12.85% from the stock’s current price.

A number of other analysts have also recently weighed in on G24. UBS Group set a €49.00 ($56.98) price target on shares of Scout24 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Morgan Stanley set a €52.00 ($60.47) price target on shares of Scout24 and gave the stock a “buy” rating in a research note on Monday, July 1st. Royal Bank of Canada set a €50.00 ($58.14) target price on shares of Scout24 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Barclays set a €53.50 ($62.21) target price on shares of Scout24 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Finally, Deutsche Bank set a €56.00 ($65.12) target price on shares of Scout24 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €48.29 ($56.15).

Shares of ETR:G24 opened at €53.70 ($62.44) on Thursday. The stock has a market cap of $5.78 billion and a P/E ratio of 38.63. The firm has a fifty day moving average price of €51.85 and a 200 day moving average price of €48.33. The company has a debt-to-equity ratio of 61.70, a current ratio of 1.28 and a quick ratio of 1.16. Scout24 has a 1-year low of €33.22 ($38.63) and a 1-year high of €54.00 ($62.79).

Scout24 Company Profile

Scout24 AG operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. The company operates through ImmobilienScout24, AutoScout24, and Scout24 Consumer Services segments. The ImmobilienScout24 segment operates real estate classifieds portal for commercial and private customers for the sale and rental of real estate properties, as well as offers support services, such as customer acquisition and care for business real estate professionals.

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Analyst Recommendations for Scout24 (ETR:G24)

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