Scout24 SE (OTCMKTS:SCOTF) Given Consensus Rating of “Moderate Buy” by Analysts

Scout24 SE (OTCMKTS:SCOTF) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company.

SCOTF has been the subject of several research reports. Citigroup reissued a “buy” rating on shares of Scout24 in a research report on Monday, November 3rd. Jefferies Financial Group raised shares of Scout24 to a “buy” rating in a research note on Tuesday, January 6th. UBS Group upgraded Scout24 to a “buy” rating in a report on Monday. Morgan Stanley upgraded Scout24 from an “equal weight” rating to an “overweight” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scout24 in a research report on Monday, November 3rd.

Scout24 Price Performance

Shares of SCOTF opened at $115.36 on Monday. The firm has a fifty day moving average price of $115.36 and a 200-day moving average price of $119.06. Scout24 has a 12-month low of $115.36 and a 12-month high of $141.53.

Scout24 declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

About Scout24

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.