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REA Group Ltd ( (AU:REA) ) just unveiled an announcement.
REA Group Ltd has confirmed receiving a notice from the Australian Competition and Consumer Commission (ACCC) requesting information about certain subscription offerings. The company is cooperating fully with the ACCC and remains committed to providing value and flexibility to its customers. REA Group’s operations are supported by a significant online presence, with millions of users visiting its platforms monthly. The outcome of the investigation could impact the company’s market positioning and stakeholder interests, although REA has stated it will continue to fulfill its disclosure obligations.
The most recent analyst rating on (AU:REA) stock is a Buy with a A$220.00 price target. To see the full list of analyst forecasts on REA Group Ltd stock, see the AU:REA Stock Forecast page.
More about REA Group Ltd
REA Group Ltd is a multinational digital advertising business specializing in property. It operates Australia’s leading residential and commercial property websites, including realestate.com.au and realcommercial.com.au, as well as Flatmates.com.au and property.com.au. The company also owns Mortgage Choice Pty Ltd, PropTrack Pty Ltd, Campaign Agent Pty Ltd, and Realtair Pty Ltd, and holds strategic investments in various property and financial technology companies in Australia and internationally.
Average Trading Volume: 176,226
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$33.34B
For a thorough assessment of REA stock, go to TipRanks’ Stock Analysis page.