In a report released today, Siraj Ahmed from Citi maintained a Buy rating on REA Group Ltd (RPGRF – Research Report), with a price target of A$230.00. The company’s shares closed yesterday at $160.59.

Ahmed covers the Technology sector, focusing on stocks such as Nextdc Limited, Wisetech Global Ltd., and Megaport Ltd.. According to TipRanks, Ahmed has an average return of 12.8% and a 60.71% success rate on recommended stocks.

In addition to Citi, REA Group Ltd also received a Buy from J.P. Morgan’s Donald Carducci in a report issued on February 7. However, on February 9, Morgans maintained a Hold rating on REA Group Ltd (Other OTC: RPGRF).

Based on REA Group Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $829.5 million and a net profit of $175.4 million. In comparison, last year the company earned a revenue of $659.5 million and had a net profit of $154.5 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RPGRF in relation to earlier this year.