Credit Suisse Sticks to Its Buy Rating for REA Group Ltd (RPGRF)

Credit Suisse analyst Entcho Raykovski maintained a Buy rating on REA Group Ltd (RPGRFResearch Report) today and set a price target of A$137.90. The company’s shares closed last Thursday at $70.35.

According to TipRanks, Raykovski is a 4-star analyst with an average return of 13.7% and a 57.89% success rate.

Currently, the analyst consensus on REA Group Ltd is a Hold with an average price target of $84.40, a 19.97% upside from current levels. In a report released on February 7, Citigroup also upgraded the stock to a Buy with a A$144.00 price target.

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RPGRF market cap is currently $11.07B and has a P/E ratio of 43.78.

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REA Group Ltd. engages in the provision of property and property-related services on websites and mobile apps across Australia and Asia. It operates through the Property and Online Advertising; and Financial Services segments. The Property and Online Advertising segment derives revenue from Australia, Asia and North America operations. The Financial Services segment consists of commissions earned from mortgage broking and home financing solutions offered to consumers. The company was founded in 1995 and is headquartered in Richmond, Australia.

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