Morgans Sticks to Its Buy Rating for CAR Group (WN6)
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According to TipRanks, Sassine is an analyst with an average return of -20.2% and a 32.79% success rate. Sassine covers the Communication Services sector, focusing on stocks such as CAR Group, REA Group Ltd, and Seek Limited.
CAR Group has an analyst consensus of Strong Buy, with a price target consensus of €22.95, representing a 12.50% upside. In a report released on June 15, Citi also maintained a Buy rating on the stock with a A$42.60 price target.
Based on CAR Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €579.41 million and a net profit of €123.48 million. In comparison, last year the company earned a revenue of €530.96 million and had a net profit of €117.03 million
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