Scout24 (OTCMKTS:SCOTF) PT Lowered to €70.00

Scout24 (OTCMKTS:SCOTF) had its price objective cut by JPMorgan Chase & Co. from €71.00 ($80.68) to €70.00 ($79.55) in a research note issued to investors on Friday, The Fly reports.

SCOTF has been the topic of several other research reports. Barclays reaffirmed an “equal weight” rating on shares of Scout24 in a research report on Friday, November 12th. Berenberg Bank assumed coverage on shares of Scout24 in a research report on Monday, December 13th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Scout24 from €80.00 ($90.91) to €73.00 ($82.95) and set a “buy” rating for the company in a report on Friday, December 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $71.50.

SCOTF remained flat at $$69.93 during trading on Friday. 1,500 shares of the company’s stock were exchanged, compared to its average volume of 900. The stock has a 50-day simple moving average of $72.48 and a two-hundred day simple moving average of $77.22. Scout24 has a twelve month low of $66.29 and a twelve month high of $72.90.

About Scout24

Scout24 AG operates ImmoScout24, a digital platform for the residential and commercial real estate sectors in Germany and internationally. It operates its portal for commercial and private customers for the sale and rental of real estate properties; and for support services, such as customer acquisition and customer relationship management, and care for business real estate professionals.

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