REA 0.45% $213.25 rea group ltd

Ann: REA Group announces FY20 results, page-22

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  1. 4,420 Posts.
    lightbulb Created with Sketch. 471
    Hi,

    Macquarie raised its recommendation today from Neutral to Outperform.
    They also increased their target price by 8.7 % to 171.70 $.
    Since the 8th of February, 5 other brokers have also increased their target price.
    Minimum was : 131 $ for Morgans.
    Maximum : 175 $ for Morgan Stanley.

    I am quite interested by the way they justify their target price, if anyone has access to the research of any of these brokers.

    Thanks.
 
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