REA traded at 168.10 this Friday February 6th, decreasing 14.29 or 7.83 percent since the previous trading session. Looking back, over the last four weeks, REA lost 6.63 percent. Over the last 12 months, its price fell by 35.87 percent. Looking ahead, we forecast REA to be priced at 185.90 by the end of this quarter and at 174.81 in one year, according to Trading Economics global macro models projections and analysts expectations.
REA Group Limited (REA Group) advertises property and property-related services on Websites and mobile applications in Australia and Asia. The Company operates residential and commercial, share and co-working property sites-realestate.com.au, realcommercial.com.au, Flatmates.com.au and spacely.com.au. The Company's segments include Australia, North America, Asia and Corporate. The Company’s Australia segment includes property & online advertising, and financial services. In Australia, REA Group holds strategic investments in Simpology Pty Ltd, a provider of mortgage application and e-lodgment solutions for the broking and lending industries; Realtair Pty Ltd, a digital platform providing end-to-end technology solutions for the real estate transaction process, Campaign Agent Pty Ltd, a provider of buy now pay later solutions for the Australian real estate market and Managed Platforms Pty Ltd, a property management software platform.