UBS retains its Neutral rating and $160 price target after REA Group's FY21 result was a slight miss on the broker's forecasts though in-line with consensus.
The broker believes the long-term picture is unchanged, despite near-term uncertainty around lock downs, and commentary about the potential for second half volume declines as a result of a federal election.
The above-mentioned uncertainties makes accurately forecasting FY22 virtually impossible, notes the analyst.
Sector: Media.
Target price is $160.00.Current Price is $159.42. Difference: $0.58 - (brackets indicate current price is over target). If REA meets the UBS target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).
© 2021 Acquisdata Pty Ltd., source FN Arena