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REA Group Ltd (RPGRF) Gets a Buy from Credit Suisse

Credit Suisse analyst Entcho Raykovski maintained a Buy rating on REA Group Ltd (RPGRFResearch Report) today and set a price target of AUD143.80. The company’s shares closed last Wednesday at $77.79.

Raykovski covers the Technology sector, focusing on stocks such as Carsales.Com Limited, Seek Limited, and TPG Telecom Limited. According to TipRanks, Raykovski has an average return of 15.6% and a 64.10% success rate on recommended stocks.

REA Group Ltd has an analyst consensus of Hold, with a price target consensus of $92.60, representing a 19.04% upside. In a report released on August 4, J.P. Morgan also maintained a Buy rating on the stock with a AUD140.00 price target.

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RPGRF market cap is currently $11.43B and has a P/E ratio of 41.30.

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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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