BUZZ-Australia's REA Group Q3 results beat Citi estimates

Reuters05-09

** Brokerage Citi says online real estate service firm REA Group Ltd third quarter results were stronger than expected

** Brokerage says Australian residential revenue growth in Q3 of 27% yoy was ahead of expectations

** Expects low-single digit (~2% to 3%) EBITDA consensus upgrades for co on the back of stronger Q3 and upgrade to listing volume growth

** Maintains target price of A$187.00 and a "Neutral" rating on stock

** 3 of 15 analysts rate the stock "Buy" or higher, 9 "Hold" and 3 "Sell" or lower; their median PT is A$179.00 – LSEG data

** As of the previous close, the stock had risen 2.13% so far this year

(Reporting by Poonam Behura in Bengaluru)

((Poonam.Behura@thomsonreuters.com;))

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