The REA Group Limited (ASX: REA) share price has climbed from $5.71 on August 7 2009 to $91.50 today and has room to climb if the analysts at Macquarie Group Ltd (ASX: MQG) are on the money.
According to multiple financial news wires Macquarie's analysts are tipping REA Group shares to hit as high as $105.50 over the next 12 months.
REA shares could be volatile this Friday as the operator of realestate.com.au is due to hand in its profit report for the year ending June 30, 2019.
According to consensus forecasts REA Group is tipped to pay total dividends of $1.27 on earnings of $2.36 for the financial year, with much attention likely to focus on any guidance the company provides for FY 2020 or its performance so far over the second half of calendar 2019.
It's no secret that property listings have been weaker over the first half of 2019 and just how much this has hurt REA Group's bottom line will have a short-term bearing on the direction of what is a highly-valued business.
Over the long term though the future looks bright as suggested by a company that has boasted a return on equity between 28%-37% since FY 2014.
