REA logo

REA - REA News Story

A$103.12 2.6  2.6%

Last Trade - 5:10am

Sector
Technology
Size
Large Cap
Market Cap £6.98bn
Enterprise Value £7.07bn
Revenue £496.1m
Position in Universe 36th / 1826

BUZZ-Australia's REA drops to 3-month trough after lacklustre results

Mon 11th November, 2019 1:03am
** Shares of REA Group  REA.AX  fall as much as 4.7% to
A$98, their lowest since Aug. 12
    ** Online real estate classifieds portal's stock down for a
second straight session after reporting a 14% drop in Q1 profit
on Friday  urn:newsml:reuters.com:*:nL3N27N4V7
    ** REA also said property listings would continue to decline
in H1 before picking up in the H2, lifting revenue growth later
in the year
    ** At least 3 brokerages have cut PT since co reported
results on Friday; analysts' median PT is A$106.66 – Refinitiv
data
    ** REA's shares are up 39% this year, as of last close


    


 (Reporting by Rushil Dutta)
 ((rushil.dutta@thomsonreuters.com))
© Stockopedia 2019, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.