Scout24 SE (OTCMKTS:SCOTF) Given Average Recommendation of “Buy” by Brokerages

Scout24 SE (OTCMKTS:SCOTF) has received a consensus recommendation of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation.

Several analysts recently commented on SCOTF shares. Citigroup reaffirmed a “buy” rating on shares of Scout24 in a report on Wednesday, May 27th. The Goldman Sachs Group began coverage on Scout24 in a report on Thursday, June 4th. They issued a “buy” rating for the company.

Scout24 Stock Performance

OTCMKTS SCOTF opened at $85.00 on Tuesday. The stock has a 50-day simple moving average of $84.22 and a two-hundred day simple moving average of $97.54. Scout24 has a fifty-two week low of $81.30 and a fifty-two week high of $85.00.

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.