Scout24 SE (OTCMKTS:SCOTF) Receives Average Recommendation of “Buy” from Brokerages

Scout24 SE (OTCMKTS:SCOTF) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation.

Several brokerages recently issued reports on SCOTF. The Goldman Sachs Group began coverage on Scout24 in a research note on Thursday. They issued a “buy” rating for the company. UBS Group raised Scout24 to a “buy” rating in a research note on Monday, February 9th. Finally, Citigroup reissued a “buy” rating on shares of Scout24 in a research note on Wednesday, May 27th.

Scout24 Price Performance

Shares of OTCMKTS SCOTF opened at $85.00 on Thursday. Scout24 has a 12 month low of $81.30 and a 12 month high of $85.00. The business has a fifty day simple moving average of $97.72 and a 200-day simple moving average of $109.15.

Scout24 Company Profile

Scout24 AG is a Germany-based operator of digital marketplaces specializing in real estate and automotive sectors. Headquartered in Munich, the company’s flagship platforms include ImmobilienScout24, a leading online property portal in Germany and Austria, and AutoScout24, one of Europe’s largest online marketplaces for new and used vehicles. These platforms connect private individuals, brokers and dealers with prospective buyers through searchable listings, digital marketing tools and ancillary services such as valuation modules and financing calculators.

Founded in 1998 as ImmobilienScout GmbH and rebranded to Scout24 AG in 2004, the company has expanded its footprint to serve multiple European markets.